Go to the list of all blogs
Abhoy Sarkar's Avatar
published in Blogs
Oct 10, 2019

Pure Storage (PSTG, $16.91) gets rating boost and price target hike from Goldman Sachs

Pure Storage shares climbed by as much as 6% Thursday, following a rating upgrade at  Goldman Sachs.

Analysts at Goldman Sachs raised their rating on the all-flash data storage hardware/software company’s stock to buy from neutral.

Goldman also increased its price target on the shares to $21 from $18, according to Bloomberg.

Goldman cited Pure Storage ‘s potential to gain market share on the back of its new products and mid-market exposure. Goldman analysts also think that the stock is "relatively undervalued" compared to its peers. The analysts expect "potential for the multiple to re-rate in the future as execution gets better."

 

Related Ticker: PSTG

PSTG's RSI Oscillator recovers from overbought zone

The 10-day RSI Oscillator for PSTG moved out of overbought territory on February 13, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 instances where the indicator moved out of the overbought zone. In of the 40 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PSTG as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for PSTG turned negative on February 14, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSTG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSTG advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .

PSTG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 278 cases where PSTG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PSTG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.787) is normal, around the industry mean (4.995). PSTG has a moderately high P/E Ratio (174.591) as compared to the industry average of (54.818). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (56.207). PSTG's Dividend Yield (0.000) is considerably lower than the industry average of (0.036). P/S Ratio (4.789) is also within normal values, averaging (9.337).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), Seagate Technology Holdings PLC (NASDAQ:STX), NetApp (NASDAQ:NTAP), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 6.55B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was -2%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -1%. RGTI experienced the highest price growth at 17%, while QMCO experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -48%. For the same stocks of the Industry, the average monthly volume growth was -22% and the average quarterly volume growth was 50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 62
Price Growth Rating: 54
SMR Rating: 72
Profit Risk Rating: 81
Seasonality Score: -39 (-100 ... +100)
Related Portfolios: Computer Stocks
View a ticker or compare two or three
PSTGDaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of flash-based storage solutions

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
650 Castro Street
Phone
+1 800 379-7873
Employees
5100
Web
http://www.purestorage.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
NYT43.320.09
+0.21%
New York Times Co
EXPI11.06N/A
N/A
eXp World Holdings
FITBP24.95N/A
N/A
Fifth Third Bancorp
IVR8.63-0.01
-0.12%
Invesco Mortgage Capital
KORE0.83-0.09
-9.41%
KORE Group Holdings

PSTG and

Correlation & Price change

A.I.dvisor indicates that over the last year, PSTG has been loosely correlated with NTAP. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if PSTG jumps, then NTAP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PSTG
1D Price
Change %
PSTG100%
-3.85%
NTAP - PSTG
52%
Loosely correlated
-0.98%
STX - PSTG
52%
Loosely correlated
-2.16%
ANET - PSTG
41%
Loosely correlated
-1.97%
SMCI - PSTG
40%
Loosely correlated
-6.85%
DELL - PSTG
34%
Loosely correlated
-1.30%
More
Ad is loading...
Increase your portfolio gains with our Swing Trading strategies! Our Long Only Valuation & Efficiency Model (TA&FA) offers +29% annualized return, while the Growth Model (Diversified) yields +13%. Explore Closed-End Investment trends with a +3.33% change in 1 month. Invest in $MVO, $HRZN, $PFX & more.
Explore an 18.05% gain with AMC's medium volatility stocks through swing trading (TA&FA). AMC's RSI Indicator climbs out of the oversold territory, presenting a unique opportunity for active traders. Tap into profitable trading strategies and start building your investment portfolio today.
#artificial_intelligence#up_greenish#investment#trading#technical_analysis
Dive into the realm of energy markets as we uncover the recent triumphs in the integrated oil sector! 🛢️💰 Discover how companies like $YPF, $BP, $IMO, $SU, and $CVX have surged ahead with impressive gains of +11.81%. 🚀📈 In this gripping exploration, we'll unravel the factors behind this success and how it has influenced the broader energy landscape. From market dynamics to strategic shifts, we'll delve into the details that have propelled these tickers to new heights. Join us on this thrilling journey as we dissect the numbers, analyze the trends, and provide insights that shed light on the strategies driving these gains. Whether you're a seasoned investor or just getting started, this is your chance to gain valuable insights into the world of energy stocks and understand the dynamics that shape their growth.
#trading#latest#popular#technical_analysis
Discover the recent roller-coaster ride of the gold market as we delve into the precipitous drop of prominent gold stocks. In this riveting analysis, we explore the shocking -15.24% plunge in the gold group, featuring key players like $FCX, $NEM, $GOLD, $WPM, and $GFI. Uncover the factors behind this downward spiral and gain insights into how these developments have sent shockwaves through the gold industry. Join us as we dissect the market movements, highlight significant price fluctuations, and uncover fundamental analysis ratings that shed light on the potential path ahead. If you're intrigued by the dynamics of the gold market and eager to stay informed about the latest trends, this in-depth exploration is not to be missed.
#trading#latest#popular#artificial_intelligence#technical_analysis
Explore the 1-month growth in broadband stocks with a 16.9% surge. Leading companies like $CCOI, $VZ, $T, $CMCSA, $CNSL, $CHTR, $TDS, $ATUS, and $TIGO show robust performance. Stay updated with the latest market trends and investment opportunities in the rapidly expanding broadband industry.
#popular#artificial_intelligence#up_greenish#trading#neutral_bluish#technical_analysis#investment#latest
Trade in choppy markets with confidence using a Market Neutral Strategy, delivering a 35.49% gain for XPEV stocks. Utilizing both Technical Analysis (TA) and Fundamental Analysis (FA), the Aroon Indicator signals an uptrend. With 77% success in the past, capitalize on the potential for further growth.
#artificial_intelligence#up_greenish#trading
In the face of recent challenges in the US stock market, where major indexes have witnessed consecutive declines for three weeks running, it's no surprise that many traders find themselves grappling with disappointment and losses. However, amidst the turbulence, there's a beacon of hope for those who understand the power of strategic algorithms and their uncanny ability to turn market volatility into profit opportunities.
Discover the energy sector's recent exhilarating journey with a spotlight on the Shale Oil Group, featuring prominent tickers $XOM, $BHP, $PXD, $HES, and $FANG. Buckle up as we delve into their collective gain of +9.12% in the last month! 🚀📈 Unearth the world of shale oil production, where companies like Exxon Mobil Corp, BHP Group Limited, Pioneer Natural Resource Co, Hess Corp, and Diamondback Energy play a pivotal role. As economic shifts, geopolitical tensions, and environmental considerations sway the energy landscape, these players navigate a dynamic market.
#artificial_intelligence#latest#popular#technical_analysis
Dive into the dynamic world of Wireless Telecom as we explore the remarkable journey of Charter Communications (CHTR) with a notable gain of +2.03%. In this insightful blog, we'll navigate through the sector's landscape, uncovering the driving forces behind its recent movements. Discover the industry's giants like Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), and Lumen Technologies (NYSE:LUMN), and understand how they contribute to the sector's growth. From market capitalization trends to high and low price fluctuations, we'll unravel the market dynamics that shape the wireless telecommunications arena. Join us to gain expert insights into fundamental analysis ratings, explore potential growth trajectories, and comprehend the sector's intricate seasonality score. Let's venture into the realm of Wireless Telecom and its standout player, Charter Communications, as we decode the recent +2.03% gain and its impact on this ever-evolving sector.
The Oil Refining/Marketing segment is an essential component of the energy sector. It comprises companies dedicated to refining crude oil into a spectrum of petroleum products like gasoline, diesel, and jet fuel. These entities, operating in the downstream sector of the oil business, take charge of the post-production processes of crude oil and natural gas. Their focus extends to marketing and distribution. Notably, when there's a dip in oil prices, downstream businesses might be shielded or even stand to benefit as the acquisition cost of crude oil plummets. Industry giants in the U.S. encompass Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp.
#trading
One shining example of this is the remarkable performance of AI trading robots accessible through the "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)." These AI-driven trading bots, often referred to as 'bot factories,' have showcased their prowess by generating a remarkable gain of +9.61% while trading AMD over the previous week. This accomplishment becomes even more noteworthy considering the broader market trends and the recent earnings report.
The Construction Materials Industry has been a focal point of investor attention recently, showcasing an impressive performance surge of +12.84% over the past month. This upward trajectory has sparked interest in several key stocks within the industry, including $JHX, $CRH, $EXP, $CX, $MLM, $USLM, $VMC, $BCC, $CPAC, $SUM, $TGLS, $LOMA, $RETO, $SMID, and $KNF.
Last week was challenging for the entire market, with indices experiencing a decline of around 3%. The Motor Vehicles industry saw the most significant downturn. For instance, the giant TSLA dropped by 11%, while NIO's shares plummeted by 17%. We actively trade stocks of this type in almost all of our robots due to their high volatility, and we had a good week profiting from short positions. You can receive signals in this robot: Swing Trader - Medium Volatility Stocks for Active Trading (TA/FA).
One of the most intriguing developments in recent times is the rise of AI-powered trading robots, designed to navigate complex market scenarios with remarkable precision. Among these innovative trading tools, "Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA)" has emerged as a standout performer, demonstrating its prowess as a bot factory generating substantial gains.
The Food Retail Industry has recently witnessed a remarkable surge of +10.26% in its performance over the past month, making it a focal point for investors and analysts. This article delves into the industry's recent developments, focusing on key tickers and their trends within this sector.
Yesterday, the market closed with a modest gain, driven primarily by semiconductor sector stocks, which saw increases ranging from 1 to 7%. It's possible that today the upward momentum will be picked up by stocks from other sectors. For more signals on stocks, you can subscribe to our robots: Swing-Trader-3K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
The inflammation industry primarily comprises biotech and pharmaceutical companies that focus on the treatment of cancer, inflammation, and other diseases related to cell proliferation. Noteworthy players in this domain include Karyopharm Therapeutics Inc., Allakos Inc., and Zymeworks.
#investment
Among these, the "Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA)" AI trading robots have proven to be formidable contenders, demonstrating their prowess by achieving a commendable +7.44% gain while trading XELA over the previous week. However, the dynamics of the market are intricate, and a closer analysis is essential to comprehend the broader picture.
The Cosmetic sector has showcased a remarkable upsurge of +25.82% in its performance over the past month, marking a significant positive shift in the industry. This article delves into the key themes and notable companies within this sector, shedding light on recent price movements and volume trends.
Dive into the dynamic world of uranium stocks as we explore their recent impressive gains. 📈 Discover the driving forces behind the +9.04% surge in tickers like $CCJ, $UEC, $UUUU, and $NXE. From bullish trends to positive indicators, find out how these companies are riding the momentum and what it means for the uranium sector's future. Join us on this journey to unravel the market movements that have led to these remarkable gains and gain valuable insights into the factors shaping the industry. Whether you're an investor, a market enthusiast, or simply curious about the forces at play, this blog is your guide to understanding the fascinating dynamics of uranium's recent climb.
#latest#popular#artificial_intelligence#trading#neutral_bluish#technical_analysis#asset_allocation