Bullish Case: Partnership with Nvidia, AI infrastructure enhancements, and positive earnings trend signal growth. Recent analyst buy ratings and price targets imply upward potential.


Bearish Case: High P/E ratio and recent put volume suggest market skepticism. Earnings decline forecast could lead to a negative sentiment shift.


Potential Outcomes: Upside from strong fundamentals and analyst sentiment, 60%. Downside risk from earnings dip and market correction, 30%. Stagnation, 10%.


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March 28, 2024


Pure Storage Forecast

PSTG        Pure Storage
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)











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