Pure Storage removed from ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Amit Daryanani is removing Pure Storage (PSTG) from the firm’s “Tactical Outperform” list as the key catalyst of earnings has elapsed. During the January-end quarter, Pure reported “impressive” revenue and EPS upside, but guided fiscal Q1 and FY26 relatively in line with the Street view, notes the analyst, who remains positive on Pure’s story and maintains an Outperform rating and $60 price target on the shares.