Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Pure Storage (NYSE:PSTG) Inc on Thursday, setting a price target of $33, which is approximately 28.11% above the present share price of $25.76.
Hosseini expects Pure Storage Inc to post earnings per share (EPS) of -$0.28 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Pure Storage, with an average price target of $30.
The analysts price targets range from a high of $35 to a low of $25.
In its latest earnings report, released on 10/31/2020, the company reported a quarterly revenue of $410.62 million and a net profit of -$65.21 million. The company's market cap is $7.03 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.6% and a 57.36% 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.