JPMorgan disclosed Pure Storage (NYSE:PSTG), bumping up its stock price target to $13.00 today
- Updated: October 18, 2016
Boasting a price of $12.38, Pure Storage (NYSE:PSTG) traded -0.32% lower on the day. With the last stock price close down -4.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Pure Storage has recorded a 50-day average of $13.26 and a two hundred day average of $12.86. Volume of trade was down over the average, with 595,923 shares of PSTG changing hands under the typical 1,310,270
In a report issued 10/18/2016 JPMorgan raised the target price of Pure Storage (NYSE:PSTG) to $13.00 stating a potential upside of 0.05%.
On Monday October 17, 2016, Vetr Inc. released a statement on Pure Storage (NYSE:PSTG) upped the target price from $0.00 to $14.72 that suggested an upside of 0.16%.
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Pure Storage has a 52 week low of $9.62 and a 52 week high of $19.86 Pure Storage’s market capitalization is currently $0.
Also covering Pure Storage's price target, a total of 21 equity analysts have released a ratings update on PSTG. The one year target is $16.93 with four equity analysts rating the company a strong buy, ten equity analysts rating the stock a buy, 7 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Pure Storage (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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