Brokerage firm Piper Sandler reiterated their "overweight" rating on Pure Storage stock.

Brokerage firm Piper Sandler reiterated its "overweight" rating on Pure Storage stock and raised its target price from $66 to $78. Analyst James Fish pointed out that performance commitments exceeded expectations, product gross margin improved by 4% quarter-on-quarter, and guidance for fiscal year 2026 was significantly raised. Fish emphasized that continued cloud partnerships with companies like Meta Platforms are a key driver of future growth.