Barclays Raises PT on Pure Storage (PSTG) to $70 From $57, Keeps an Equal Weight Rating

Pure Storage, Inc. (NYSE:PSTG) is one of the best hot large cap stocks to buy according to hedge funds. On August 29, Barclays raised the firm’s price target on Pure Storage, Inc. (NYSE:PSTG) to $70 from $57 while keeping an Equal Weight rating on the shares.

The firm told investors in a research note that Pure Storage, Inc. (NYSE:PSTG) reported strength across the board and lifted its fiscal 2026 outlook, supporting the price target upgrade.

Pure Storage, Inc. (NYSE:PSTG) reported its fiscal Q2 2025 earnings on August 27, with total revenue growth of 13% year-over-year in the quarter. Subscription services revenue for the quarter rose 15% year-over-year to $414.7 million.

Pure Storage, Inc. (NYSE:PSTG) is involved in the delivery of innovative and disruptive data storage, services, and products that allow customers to maximize the value of data.

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Disclosure: None. This article is originally published at Insider Monkey.