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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. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Pure Storage (PSTG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Pure Storage currently has an ...

The most recent trading session ended with Pure Storage (PSTG) standing at $52.38, reflecting a -1.19% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily loss of 0.92%. Elsewhere, the Dow saw a downswing of 0.96%, while the tech-heavy Nasdaq depreciated by 1.6%.Coming into today, shares of the data storage company had gained 6.42% in the past month. In that same time, the Computer and Technology sector gained 3.64%, while the S&P 500 gained 2.68%.The inves ...

Pure Storage (PSTG) ended the recent trading session at $53.42, demonstrating a +1.58% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.47%. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%. Heading into today, shares of the data storage company had gained 5.6% over the past month, outpacing the Computer and Technology sector's gain of 3.88% and the S&P 500's gain of 3.48% in that time. The investment c ...

After 43+ years working for one investment research company or another, I finally retired. So now, I'm completely independent. And for the first time on Seeking Alpha, I won't be working based on anybody else's product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I'm different from others who share such backgrounds. I don't serve the numbers. Instead, the numbers serve me… to inspire ...

Shares of Pure Storage Inc (PSTG, Financial) surged 3.08% in mid-day trading on Oct 2. The stock reached an intraday high of $50.60, before settling at $50.27, up from its previous close of $48.77. This places PSTG 28.60% below its 52-week high of $70.41 and 62.16% above its 52-week low of $31.00. Trading volume was 701,362 shares, 21.9% of the average daily volume of 3,203,105. Wall Street Analysts Forecast Based on the one-year price targets offered by 18 analysts, the average target price for Pure Storag ...

Pure Storage, Inc's (PSTG) shares have been performing well on the trading front, with a gain of 38.7% year to date. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for its customers. The stock has outperformed its sub-industry, the Zacks Computer and Technology sector and the S&P 500 composite's growth of 34.6%, 23.7% and 20.6%, respectively. YTD Price Performance Image Source: Zacks Investment Research Closing at $49.4 ...

A month has gone by since the last earnings report for Pure Storage (PSTG) . Shares have added about 0.3% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Pure Storage due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Pure Storage Q2 Earnings Beat Estimates Pure Sto ...

Pure Storage (PSTG) recently partnered with Rubrik, Inc. (RBRK) to empower enterprises seeking robust and scalable cloud solutions to fortify their cybersecurity posture. By combining Rubrik's Security Cloud with Pure Storage's advanced data storage platform, the partnership aims to deliver a reference architecture that ensures uptime, long-term retention and cyber resilience. The partnership is applying a "three-layered defense strategy" to provide a comprehensive solution for modern data challenges. The j ...

My last article in July about Pure Storage (PSTG) gave it a buy recommendation based primarily on secular trends like Artificial Intelligence ("AI") driving the need for more power-efficient and faster long-term storage systems that use I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to ...