PSTG - Pure Storage Stock Has 22% Upside According to 1 Wall Street Analyst
2024-04-15 15:05:20 ET
One highly specialized tech stock that is attracting plenty of attention from investors lately is the aptly named Pure Storage (NYSE: PSTG) . In a world awash in data, larger and faster storage systems are a necessity, not a want, for many clients. Pure Storage is on the cutting edge of that segment.
The company has won the attention of analysts, too, and often it's been the positive kind of attention. Many are bullish on its future, including one prognosticator from a big bank who recently tagged it with a buy recommendation.
In mid-March, Citigroup analyst Asiya Merchant launched her bank's coverage of Pure Storage. In slapping a buy sticker on the shares, she set a price target of $65 apiece. Given the current price, that implies an upside of 23% over the next 12 months or so for the stock.
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Pure Storage Stock Has 22% Upside, According to 1 Wall Street Analyst