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."