Susquehanna analyst Mehdi Hosseini reiterated a Hold rating on Pure Storage Inc (NYSE: PSTG) today and set a price target of $22. The company’s shares opened today at $25.39, close to its 52-week high of $26.30.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 13.7% and a 54.4% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pure Storage Inc with a $26.64 average price target, representing a 4.9% upside. 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 $26.30 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.
