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.
纽交所纯存储公司inc(pstg)股价周三下跌。Oppenheimer分析师Param Singh开始覆盖该公司，给予买入评级，目标价为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.
分析师的看好立场是因为该公司作为人工智能应用中无结构数据需求增长的关键受益者。
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，数据存储市场正转向全闪存阵列(AFA)，预计2023年至2028年以8.5%的年复合增长率增长，达到170亿美元。
Pure Storage is well-positioned to benefit from this trend, leveraging its software advantage in writing data directly to flash memory, adds the analyst.
纯存储公司将受益于这一趋势，利用其在直接将数据写入闪存中的软件优势，分析师补充道。
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进一步表示，存储即服务(STaaS)的领导地位与行业转向即服务平台保持一致。
These factors should drive strong customer growth, increased expansion activity, and continued improvement in operating margins, writes the analyst.
这些因素应推动强劲客户增长，扩大扩张活动，并持续提高营运利润率，分析师写道。
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.
总体而言，分析师预计公司营业收入将从FY24年(截至一月)至FY27年以12.2%的年复合增长率增长，大大超过总可寻址市场(TAM)的增长。
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，纯存储披露已对AI超级规模者CoreWeave进行战略投资，以推动人工智能云服务的创新。
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.
作为合作的一部分，客户将能够在CoreWeave云中使用Pure Storage平台，进一步推动云中的人工智能能力。
The company will release the third quarter of FY25 results on December 3.
公司将于12月3日发布财年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).
投资者可通过First Trust Cloud Computing ETF (NASDAQ:SKYY)和iShares未来云5g和技术ETF (NYSE:IDAT)获得股票曝光。
Price Action: PSTG shares are down 0.84% at $49.73 at the last check Wednesday.
价格走势：PSTG股价周三最后一次检查时下跌0.84%，报49.73美元。
Photo by Ground Picture on Shutterstock
来自Shutterstock的Ground Picture拍摄的照片
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