Oppenheimer Initiates ​Pure Storage (PSTG) With a Buy Rating

​The updated affirmative outlook comes arsenic the institution approaches its fiscal Q3 2026 results, expected to beryllium announced connected December 2 (post-market). Analyst Singh from Oppenheimer noted that his bullish sentiment is based connected the anticipation that the institution volition payment from the accrued instauration of unstructured information for AI and information centers and the request for its storage. Moreover, the company’s bull lawsuit is further bolstered by its expanding collaborations with tier 1 and 2 hyperscalers.

​Management during the fiscal Q2 2026 net telephone presented its Q3 2026 outlook. Pure Storage, Inc. (NYSE:PSTG) expects gross successful the scope of $950 cardinal to $960 million, reflecting 14.3% to 15.5% year-over-year growth. Moreover, the non-GAAP operating income is anticipated successful the scope of $185 cardinal to $195 million, reflecting 10.6% to 16.6% year-over-year growth.

​Pure Storage, Inc. (NYSE:PSTG) provides precocious information retention and absorption solutions that enactment assorted information types and workloads crossed on-premises, cloud, and hosted environments.

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