Oppenheimer Initiates ​Pure Storage (PSTG) With a Buy Rating

Group 1 - Pure Storage, Inc. has received positive ratings from analysts, with Oppenheimer initiating coverage with a Buy rating and a $120 price target, while J.P. Morgan raised its price target from $105 to $110, maintaining a Buy rating [1][2] - The company's upcoming fiscal Q3 2026 results are anticipated to show revenue between $950 million and $960 million, indicating a year-over-year growth of 14.3% to 15.5%, and non-GAAP operating income is expected to be between $185 million and $195 million, reflecting a growth of 10.6% to 16.6% year-over-year [3] - The bullish outlook is supported by the increasing demand for data storage driven by the growth of unstructured data for AI and data centers, as well as expanding collaborations with tier 1 and 2 hyperscalers [2][3] Group 2 - Pure Storage, Inc. specializes in advanced data storage and management solutions that cater to various data types and workloads across on-premises, cloud, and hosted environments [4]