Wells Fargo remains Outperform and raises target to $25 | PSTG Message Board Posts


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Msg  36 of 46  at  9/22/2019 2:05:29 PM  by

delt1970


 In response to msg 35 by  delt1970
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Re: Wells Fargo remains Outperform and raises target to $25

On Sept. 20 from WF:
"Thought of the Week: Pure's Support of QLC an Inflection for Enterprise NAND Adoption? We think one of the more important/interesting announcements this week was Pure Storage's support of QLC 3D NAND with their new FlashArray//C-series(24TBDirectFlash modules in 2020); initially shipping with TLC at 40% lower $/GB vs. //X-series arrays. We're increasingly focused on whether this could represent an important inflection point in accelerating NAND/SSD penetration in the enterprise market - potentially becoming competitive with the lower capacity points within nearline HDDs."


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