Pure Storage price target raised to $77 from $70 at Barclays

Barclays raised the firm’s price target on Pure Storage (PSTG) to $77 from $70 and keeps an Equal Weight rating on the shares. The company reported a strong quarter but uncertainty remains on its margins in fiscal 2027 and beyond, the analyst tells investors in a research note. The firm says management mentioned increased investments and a potential change to the hyperscale business model.