Barclays analyst Tim Long maintained a Buy rating on Pure Storage Inc (PSTG) yesterday and set a price target of $17. The company’s shares closed last Monday at $13.87, close to its 52-week low of $12.68.
According to TipRanks.com, Long is a 5-star analyst with an average return of 18.8% and a 64.3% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies Inc.
Currently, the analyst consensus on Pure Storage Inc is a Moderate Buy with an average price target of $21.
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The company has a one-year high of $29.14 and a one-year low of $12.68. Currently, Pure Storage Inc has an average volume of 4.37M.
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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.
