A statement released earlier today by Vetr Inc. about Pure Storage Inc (NYSE:PSTG) bumps the target price to $14.72
- Updated: October 16, 2016
Boasting a price of $12.70, Pure Storage Inc (NYSE:PSTG) traded -3.57% lower on the day. The last stock close price is down -1.33% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Pure Storage Inc has recorded a 50-day moving average of $13.24 and a 200-day moving average of $12.87. Volume of trade was up over the average, with 1,320,221 shares of PSTG changing hands over the typical 1,306,050
Vetr Inc. raised the price target of Pure Storage Inc (NYSE:PSTG) to $14.72 reporting a possible upside of 0.16%.
On 10/11/2016, Vetr Inc. released a statement on Pure Storage Inc (NYSE:PSTG) upped the target price from $0.00 to $14.72 that suggested an upside of 0.05%.
With a total market value of $0, Pure Storage Inc has one year low of $9.62 and a one year high of $19.86 .
In addition to Vetr Inc. reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $16.93 with 4 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Pure Storage Inc (NYSE:PSTG)
Pure Storage, Inc. provides an enterprise data storage platform. The Company's storage platform consists of approximately three integrated components, including the Purity Operating Environment, which is its flash-optimized software; FlashArray, which is its modular and scalable all-flash array hardware, and Pure1, which is its cloud-based management and support. The Company's customers include large and mid-size organizations across a diverse set of industry verticals, including cloud-based software and service providers, consumer Web, education, energy, financial services, governments, healthcare, manufacturing, media, retail and telecommunications. The Company's platform is used for a set of storage use cases, including database applications, private and public cloud infrastructure, virtual server infrastructure and virtual desktop infrastructure.
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