Morgan Stanley Maintains Their Hold Rating on Pure Storage Inc (PSTG)

In a report released today, Kathryn Huberty from Morgan Stanley maintained a Hold rating on Pure Storage Inc (PSTG), with a price target of $25. The company’s shares opened today at $16.90, close to its 52-week low of $15.81.

According to TipRanks.com, Huberty is a 5-star analyst with an average return of 11.2% and a 60.8% success rate. Huberty covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Seagate Tech, and NCR Corp.

Currently, the analyst consensus on Pure Storage Inc is a Moderate Buy with an average price target of $27.14, implying a 60.6% upside from current levels. In a report issued on November 14, Stifel Nicolaus also maintained a Hold rating on the stock.

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The company has a one-year high of $29.14 and a one-year low of $15.81. Currently, Pure Storage Inc has an average volume of 3.53M.

Based on the recent corporate insider activity of 98 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.