Needham analyst Mike Cikos raised the firm’s price target on Pure Storage (PSTG) to $85 from $75 and keeps a Buy rating on the shares. The company delivered stronger-than-expected Q2 results, handily beating the consensus revenue estimate and raising the full-year revenue outlook based on confidence in leading indicators like RPO, which grew 22% y/y, the analyst tells investors in a research note. Pure Storage also now anticipates stronger FY26 growth ahead of production shipments to Meta (META) in FY27, the firm added.
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