PSTG Stock Recent News

PSTG gains from strong sales momentum amid soft macroeconomic conditions and a cautious IT spending environment.

Amid volatile macro backdrop, momentum in cloud computing, IoT, auto and AI is likely to favor the prospects of Zacks Computer - Storage Devices industry players like NTAP, PSTG and NLST.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

In the closing of the recent trading day, Pure Storage (PSTG) stood at $64.73, denoting a +0.73% change from the preceding trading day.

I maintain a buy rating for Pure Storage due to its strong growth potential and recent design win with a top-four hyperscaler. PSTG's landmark deal validates its competitive edge and strengthens its supply-chain relationships, ensuring no capacity constraints amid massive demand from hyperscalers. The transition to flash-based storage and AI infrastructure investments present significant growth opportunities, with PSTG's products offering superior power efficiency and performance.

PSTG deepens its collaboration with MU, combining cutting-edge technologies to provide next-generation storage solutions for hyperscalers.

Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

SANTA CLARA, Calif. , Jan. 7, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the expansion of its strategic collaboration with Micron Technology, Inc. (NASDAQ: MU), a global leader in memory and storage solutions.

Pure Storage (PSTG) closed at $62.49 in the latest trading session, marking a +1.73% move from the prior day.

Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock?