New Buy Rating for Pure Storage (PSTG), the Technology Giant
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Pure Storage today and set a price target of $105.00.
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According to TipRanks, Chatterjee is a top 100 analyst with an average return of 33.0% and a 68.43% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and Corning.
In addition to J.P. Morgan, Pure Storage also received a Buy from Citi’s Asiya Merchant in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on Pure Storage (NYSE: PSTG).
Based on Pure Storage’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $964.45 million and a net profit of $54.81 million. In comparison, last year the company earned a revenue of $831.07 million and had a net profit of $63.64 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSTG in relation to earlier this year. Most recently, in December 2025, Ajay Singh, the CPO of PSTG sold 14,216.00 shares for a total of $968,467.86.
Read More on PSTG:
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- Dell Technologies price target lowered to $101 from $111 at Morgan StanleyHP Inc.
- HP Enterprise price target lowered to $23 from $25 at Morgan Stanley
- Pure Storage price target lowered to $90 from $105 at Citi
- SK Hynix speeding up new chip fab opening, Reuters reports
- Pure Storage placed on ‘Positive Catalyst Watch’ at JPMorgan
