Pure Storage Upgraded to Outperform at Wedbush
<p>Wedbush upgraded <a href='https://financialmodelingprep.com/financial-summary/PSTG'>Pure Storage (NYSE:PSTG)</a> to Outperform from Neutral with a price target of $34.00, noting that the company continues to provide top-notch products as evidenced by its margins.</p>
<p>The firm further stated that the guidance provided by the management significantly reduces the risk associated with the outlook for the company, considering the prevailing macroeconomic weakness.</p>
<p>The company reported its Q4/23 last month, with EPS coming in at $0.53, beating the Street estimate of $0.38, while revenue of $810.2 million was below the Street estimate of $811.73 million.</p>

NYSE:PSTG