<p>Brokerage Piper Sandler reiterated its &#34;overweight&#34; rating on Pure Storage stock and raised the target price from $66 to $78. Analyst James Fish pointed out that performance commitments exceeded expectations, product gross margins improved by 4% quarter-over-quarter, and guidance for fiscal year 2026 was significantly raised. Fish emphasized that ongoing cloud collaboration with companies like Meta Platforms is a key driver for future growth</p>

PSTG

<p>Brokerage Piper Sandler reiterated its "Overweight" rating on Pure Storage stock and raised the target price from $66 to $78. Analyst James Fish pointed out that performance commitments exceeded expectations, with product gross margins improving by 4% quarter-over-quarter, and the guidance for fiscal year 2026 significantly raised. Fish emphasized that ongoing cloud collaborations with companies like Meta Platforms are key drivers for future growth</p>