Pure Storage Inc (PSTG) Gets a Hold Rating from Morgan Stanley

Morgan Stanley analyst Kathryn Huberty maintained a Hold rating on Pure Storage Inc (NYSE: PSTG) today and set a price target of $24. The company’s shares closed yesterday at $22.01.

According to TipRanks.com, Huberty is a 5-star analyst with an average return of 12.6% and a 62.3% success rate. Huberty covers the Consumer Goods sector, focusing on stocks such as Western Digital, HP Inc, and NetApp.

Pure Storage Inc has an analyst consensus of Moderate Buy, with a price target consensus of $26.56, a 20.7% upside from current levels. In a report issued on August 9, Stifel Nicolaus also maintained a Hold rating on the stock.

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The company has a one-year high of $25.62 and a one-year low of $12.47. Currently, Pure Storage Inc has an average volume of 3.44M.

Based on the recent corporate insider activity of 99 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.