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Pure Storage price target raised to $76 from $73 at BofA

BofA raised the firm’s price target on Pure Storage (PSTG) to $76 from $73 and keeps a Neutral rating on the shares. Pure reported a beat on revenue and EPS, but operating margins remained under pressure, the analyst tells investors in a post-earnings note. FY26 revenue and operating margin guidance was unchanged despite a beat in Q1 and slightly higher revenue outlook for Q2 given macro uncertainty, the analyst added.

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