Susquehanna Sticks to Its Hold Rating for Pure Storage Inc (PSTG)


In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Pure Storage Inc (PSTG), with a price target of $18. The company’s shares closed yesterday at $20.60.

According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 9.1% and a 46.6% success rate. Hosseini covers the Consumer Goods sector, focusing on stocks such as Advanced Energy Industries, Hewlett Packard Enterprise, and Applied Materials Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pure Storage Inc with a $25.64 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $29.14 and a one-year low of $13.99. Currently, Pure Storage Inc has an average volume of 3.29M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts