Pure Storage Inc (PSTG) Stock Price Up 3.08% on Oct 2

Core Insights - Pure Storage Inc (PSTG) shares increased by 3.08% on October 2, reaching an intraday high of $50.60 before closing at $50.27, which is 28.60% below its 52-week high of $70.41 and 62.16% above its 52-week low of $31.00 [1] - The average one-year price target for PSTG, based on 18 analysts, is $64.56, indicating a potential upside of 28.43% from the current price [2] - The consensus recommendation from 21 brokerage firms gives PSTG an average rating of 2.2, suggesting an "Outperform" status [2] Stock Performance - PSTG's trading volume was 701,362 shares, which is 21.9% of its average daily volume of 3,203,105 [1] - The stock's current price of $50.27 is significantly above its 52-week low of $31.00, reflecting a strong recovery [1] Analyst Projections - The high estimate for PSTG's price target is $80.00, while the low estimate is $45.00 [2] - GuruFocus estimates the fair value (GF Value) for PSTG at $41.79, suggesting a downside of 16.87% from the current price [2]