Northland Securities analyst Nehal Chokshi reiterated a Hold rating on Pure Storage (NYSE:PSTG) on Thursday, setting a price target of $22, which is approximately 14.58% above the present share price of $19.2.
Chokshi expects Pure Storage to post earnings per share (EPS) of -$0.19 for the second quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Pure Storage, with an average price target of $27.44.
The analysts price targets range from a high of $33 to a low of $22.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $502.72 million and a net profit of -$38.81 million. The company's market cap is $5.44 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 23.1% and a 64.40% 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.