Evercore ISI analyst Amit Daryanani maintained a Buy rating on Pure Storage (PSTG – Research Report) today and set a price target of $70.00. The company’s shares closed yesterday at $48.77.
According to TipRanks, Daryanani is a 5-star analyst with an average return of 11.6% and a 57.59% success rate. Daryanani covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and Amphenol.
Pure Storage has an analyst consensus of Moderate Buy, with a price target consensus of $63.63.
The company has a one-year high of $70.41 and a one-year low of $31.00. Currently, Pure Storage has an average volume of 2.99M.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSTG in relation to earlier this year. Last month, Mona Chu, the CAO of PSTG sold 25,000.00 shares for a total of $1,258,000.00.
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Pure Storage (PSTG) Company Description:
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.
