Barclays lowered the firm’s price target on Pure Storage (PSTG) to $57 from $61 and keeps an Equal Weight rating on the shares. The company’s product gross margins came in ahead of expectations and its fiscal 2026 guidance was held, despite the slight beat in the quarter, the analyst tells investors in a research note. The firm says Pure Storage is absorbing incremental tariff costs within its Evergreen//One businesses.
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