Pure Storage Seen Benefiting From AI Infrastructure Demand, Oppenheimer says

MT Newswires Live02-27

Pure Storage (PSTG) is well positioned to benefit from accelerating artificial intelligence infrastructure demand, supported by strong hyperscaler engagement and subscription momentum, Oppenheimer said in a research note Thursday.

The company's fiscal Q4 results topped expectations and management issued fiscal Q1 and 2027 revenue guidance above consensus, reflecting a growing deployment pipeline with large customers, including Meta, the investment firm said.

Pure Storage has gained its first FlashBlade/EXA customer and is in advanced discussions with additional hyperscalers, signaling early traction for next-generation AI storage platforms despite near-term margin pressure tied to memory pricing, according to the note.

Oppenheimer reiterated its outperform rating on the stock and its $100 price target.

Price: 63.48, Change: -10.08, Percent Change: -13.70

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment