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."
Momentum Indicator for PSTG turns positive, indicating new upward trend
PSTG saw its Momentum Indicator move above the 0 level on April 13, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
PSTG moved above its 50-day moving average on April 16, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSTG advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
PSTG broke above its upper Bollinger Band on April 16, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
a provider of flash-based storage solutions
Industry ComputerProcessingHardware
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