Pure Storage (PSTG) News Today

Pure Storage, Inc. (NYSE: PSTG) shares have rallied following a combination of better-than-expected Q2 results, a new Meta revenue recognition, multiple analyst price-target upgrades, and strong industry growth projections.

• Positive Sentiment: Pure Storage stock jumped over 30% to a record close after reporting an earnings beat, lifting guidance and starting to recognize revenue from a new deal with Meta. Pure Storage stock soars to record as Meta deal bolsters results, outlook
• Positive Sentiment: Q2 earnings of $0.43 EPS and $861 million revenue topped estimates, prompting a raised full-year 2026 outlook and a 15%+ pre-market share rally. Pure Storage Q2 Earnings & Sales Top, Stock Rallies on Upbeat Forecast
• Positive Sentiment: The stock hit an all-time intraday high of $73.75 amid the earnings-driven rally. Pure Storage stock hits all-time high at 73.75 USD
• Positive Sentiment: Guggenheim reaffirmed its buy rating and lifted the price target to $93, implying ~18% upside. Guggenheim reaffirms buy rating on PSTG
• Positive Sentiment: Wedbush raised its price target from $70 to $80 with an “outperform” rating. Wedbush raises PSTG price target to $80
• Positive Sentiment: Evercore ISI lifted its target to $80 and kept an “outperform” stance. Evercore ISI raises PSTG price target to $80
• Positive Sentiment: Needham & Company increased its target to $85 and reiterated a buy rating. Needham raises PSTG price target to $85
• Positive Sentiment: Unusual options activity saw 6,474 PSTG call contracts traded, a 158% jump over the average daily volume, signaling bullish investor interest.
• Neutral Sentiment: Bank of America lifted its price target from $76 to $80 but maintained a “neutral” rating, suggesting limited near-term upside. BofA raises PSTG target to $80, neutral rating
• Neutral Sentiment: The data-center market is forecast to grow at an 11.2% CAGR to $652 billion by 2030 on AI and cloud adoption, underpinning long-term demand for storage providers. This Is the 1 Hidden AI Data Center Stock to Buy Now
• Negative Sentiment: UBS raised its price target to $55 but kept a sell rating, implying roughly 30% downside from current levels. UBS raises PSTG target to $55, sell rating