Pure Storage stock fell Tuesday after UBS analyst David Vogt downgraded his view of the company to a sell rating.
Pure Storage stock was falling Tuesday after a UBS analyst downgraded shares of the data storage company on an elevated valuation and competition concerns. UBS analyst David Vogt lowered his rating on shares of Pure Storage to Sell from Neutral while slightly increasing his price target to $47 from $44, which implies a 28% decrease from the stock’s closing price of $65.51 on Monday. Shares of Pure Storage were down 5.3% to $62.01 Tuesday and were on pace to have their largest percentage decrease since Nov. 30, 2023, according to Dow Jones Market Data.
We recently compiled a list of the 10 Best Stocks to Buy and Hold For 5 Years According to Cathie Wood. In this article, we are going to take a look at where Pure Storage, Inc. (NYSE:PSTG) stands against the other stocks. As the saying goes, time and tide wait for nobody. This also holds […]