Pure Storage Inc. (NYSE:PSTGHTTPS, NYSE:PSTG) shares are trading lower Tuesday afternoon after UBS analyst David Vogt downgraded the stock from Neutral to Sell, despite raising the price target from $44 to $47.
What To Know: Pure Storage is a U.S.-based company that provides enterprise data storage solutions, generating revenue from product sales and subscription services. Analysts have mixed opinions about the company's future, with a recent trend showing increasing price targets but also some cautionary ratings.
The average price target from 27 analysts stands at $69.93, with estimates ranging from $47 to $80. Vogt's downgrade contrasts with other analysts' more optimistic views, as many have raised their price targets in recent months.
How To Buy PSTG Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Pure Storage's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
PSTG Price Action: Pure Storage shares were down 4.1% at $62.82 at the time of publication, according to Benzinga Pro.
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
