Pure Storage Positioned For AI-Driven Growth: Analyst Sees 12% Revenue Surge Ahead
Pure Storage Positioned For AI-Driven Growth: Analyst Sees 12% Revenue Surge Ahead
Pure Storage is well-positioned to benefit from this trend, leveraging its software advantage in writing data directly to flash memory, adds the analyst.Pure Storage, Inc. (NYSE:PSTG) shares are trading lower on Wednesday. Oppenheimer analyst Param Singh initiated coverage on the company with an Outperform rating and a price target of $70.
紐交所純存儲公司inc(pstg)股價週三下跌。Oppenheimer分析師Param Singh開始覆蓋該公司，給予買入評級，目標價爲70美元。
The analyst's bullish stance is due to the company's position as a key beneficiary of the growing demand for unstructured data used in AI applications.
分析師的看好立場是因爲該公司作爲人工智能應用中無結構數據需求增長的關鍵受益者。
Singh says that the data storage market is shifting towards all-flash arrays (AFA), expected to grow at an 8.5% CAGR from 2023 to 2028, reaching $17 billion.
Singh表示，數據存儲市場正轉向全閃存陣列(AFA)，預計2023年至2028年以8.5%的年複合增長率增長，達到170億美元。
Pure Storage is well-positioned to benefit from this trend, leveraging its software advantage in writing data directly to flash memory, adds the analyst.
純存儲公司將受益於這一趨勢，利用其在直接將數據寫入閃存中的軟件優勢，分析師補充道。
Singh further says that the leadership in storage-as-a-service (STaaS) offerings aligns with the industry's shift toward as-a-service platforms.
Singh進一步表示，存儲即服務(STaaS)的領導地位與行業轉向即服務平台保持一致。
These factors should drive strong customer growth, increased expansion activity, and continued improvement in operating margins, writes the analyst.
這些因素應推動強勁客戶增長，擴大擴張活動，並持續提高營運利潤率，分析師寫道。
Overall, the analyst projects the company's revenue to grow at a 12.2% CAGR from FY24 (ending in January) through FY27, significantly outpacing the total addressable market (TAM) growth.
總體而言，分析師預計公司營業收入將從FY24年(截至一月)至FY27年以12.2%的年複合增長率增長，大大超過總可尋址市場(TAM)的增長。
Today, Pure Storage disclosed that it has made a strategic investment in CoreWeave, the AI Hyperscaler, to boost innovation in AI cloud services.
今日，純存儲披露已對AI超級規模者CoreWeave進行戰略投資，以推動人工智能雲服務的創新。
As part of the partnership, customers will be able to utilize the Pure Storage platform within CoreWeave Cloud, further advancing AI capabilities in the cloud.
作爲合作的一部分，客戶將能夠在CoreWeave雲中使用Pure Storage平台，進一步推動雲中的人工智能能力。
The company will release the third quarter of FY25 results on December 3.
公司將於12月3日發佈財年25第三季度成果。
Investors can gain exposure to the stock via First Trust Cloud Computing ETF (NASDAQ:SKYY) and iShares Future Cloud 5G and Tech ETF (NYSE:IDAT).
投資者可通過First Trust Cloud Computing ETF (NASDAQ:SKYY)和iShares未來雲5g和技術ETF (NYSE:IDAT)獲得股票曝光。
Price Action: PSTG shares are down 0.84% at $49.73 at the last check Wednesday.
價格走勢：PSTG股價週三最後一次檢查時下跌0.84%，報49.73美元。
Photo by Ground Picture on Shutterstock
來自Shutterstock的Ground Picture拍攝的照片
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