Eric J. Savitz, Barrons.com, October 10, 2019
"(PSTG) stock is trading higher Thursday after Goldman Sachs analyst Rod Hall lifted his rating on the producer of flash-memory based storage systems to Buy from Neutral, with a new price target of $21, up from $18. Hall says the company will continue to gain storage market share in particular with mid-sized companies, “even as large enterprise spending weakness disproportionately hurts larger storage vendors.” In other words, he finds an advantage for Pure in its relatively modest exposure to large companies. The analyst also notes that while a Goldman’s reseller survey finds “broad-based weakness across most of the customer verticals,” demand was stable for small- and medium-sized businesses where Pure is strong."