Evercore ISI raised the firm’s price target on Pure Storage (PSTG) to $85 from $80 and keeps an Outperform rating on the shares. The stock is under pressure given a “short report” that is largely predicated on weakness in hyperscale and enterprise markets, but the firm continues to maintain “a bullish perspective” and sees several key differentiators that should enable the company to not just sustain mid-teens top line growth but over time translate that to high teens to low 20% EPS growth, the analyst tells investors.
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