William Blair analyst Jason Ader has maintained their bullish stance on PSTG stock, giving a Buy rating yesterday.
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Jason Ader has given his Buy rating due to a combination of factors, including Everpure’s strong fourth-quarter performance and robust forward outlook. He highlights that revenue growth exceeded expectations, with particular strength in large enterprise deals, government demand, and expanding adoption of the company’s data cloud and subscription-based storage services.
He also points to solid backlog growth and strong execution as evidence of durable demand, especially as AI-related workloads and hyperscaler engagements scale over time. While acknowledging near-term margin pressure from higher component costs and product mix shifts, he believes investors are rightly focused on the company’s long-term growth profile, increasing enterprise share, and improving visibility with cloud providers, which together support a favorable risk-reward setup through fiscal 2027.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $100.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSTG in relation to earlier this year.