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
Vetr Inc. bumped up the target of Pure Storage Inc (NYSE:PSTG) to $14.72 stating a potential upside of 0.05%.
On 10/4/2016, Vetr Inc. released a statement for Pure Storage Inc (NYSE:PSTG) bumped up the target price from $0.00 to $14.72 that suggested an upside of 0.01%.
Boasting a price of $14.03, Pure Storage Inc (NYSE:PSTG) traded -3.57% lower on the day. With the last stock price close up -1.33% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Pure Storage Inc has recorded a 50-day average of $13.24 and a two hundred day 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
With a total market value of $0, Pure Storage Inc has with a 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 firms have issued a report on Pure Storage Inc. The 12-month price target is $16.93 with four equity analysts rating the company a strong buy, ten firms rating the stock a buy, seven equity analysts rating the company a hold, 1 broker rating the stock a underperform, and lastly zero 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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