Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Pure Storage (NYSE:PSTG) Inc on Wednesday, setting a price target of $23, which is approximately 16.40% above the present share price of $19.76.
Chokshi expects Pure Storage Inc to post earnings per share (EPS) of -$0.25 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Pure Storage, with an average price target of $20.3.
The analysts price targets range from a high of $24 to a low of $15.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $403.72 million and a net profit of -$55.83 million. The company's market cap is $5.06 billion.
According to TipRanks.com, Northland Securities analyst Nehal Chokshi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.3% and a 61.32% success rate.
Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disk with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.