.png "Pure Storage Inc (NYSE: PSTG)")
In a report released yesterday, Tim Long from Barclays maintained a Buy rating on Pure Storage Inc (PSTG), with a price target of $21. The company’s shares closed last Monday at $17.72.
According to TipRanks.com, Long is a 5-star analyst with an average return of 19.0% and a 64.6% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Dell Technologies Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pure Storage Inc with a $21.20 average price target, representing a 19.2% upside. In a report issued on September 9, Susquehanna also upgraded the stock to Buy with a $25 price target.
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The company has a one-year high of $28.07 and a one-year low of $12.68. Currently, Pure Storage Inc has an average volume of 3.94M.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSTG in relation to earlier this year.
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.
