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Barclays analyst Mark Moskowitz maintained a Buy rating on Pure Storage Inc (NYSE: PSTG) yesterday and set a price target of $25. The company’s shares closed yesterday at $23.58, close to its 52-week high of $24.31.
According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 13.8% and a 60.6% success rate. Moskowitz covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Western Digital, and Arista Networks.
Currently, the analyst consensus on Pure Storage Inc is Strong Buy and the average price target is $24.45, representing a 3.7% upside.
In a report released yesterday, BMO Capital also assigned a Buy rating to the stock with a $25 price target.
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The company has a one-year high of $24.31 and a one-year low of $10.30. Currently, Pure Storage Inc has an average volume of 3.3M.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
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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.
