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Citi Boosts Pure Storage Price Target to $70

Ellis HobbsAvatar
Written by Ellis Hobbs Reviewed by Jack Kellogg Fact-checked by Tim Sykes
Updated 8/28/2025, 11:32 am ET 8/28/2025, 11:32 am ET | 5 min 5 min read
Citi Boosts Pure Storage Price Target to $70 Thumbnail

Pure Storage Inc. stocks have been trading up by 29.48 percent driven by positive sentiment on recent AI innovations.

  • Morgan Stanley presents a more cautious outlook, assigning an Equal Weight rating to Pure Storage with a slightly revised price target of $60, acknowledging the company’s recent good performance but also noting the possibility that it may already be priced into the stock.

  • Pure Storage is set to announce its Q2 Fiscal 2026 financial results on Aug 27, 2025, while eagerly anticipating its participation in the upcoming Pure//Accelerate NYC event.

Candlestick Chart

Live Update At 11:32:07 EST: On Thursday, August 28, 2025 Pure Storage Inc. stock [NYSE: PSTG] is trending up by 29.48%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Overview

The current financial state of Pure Storage presents a mixed scenario. On one hand, Citi’s bullish raise in price target suggests confidence in the growth prospects of the firm. On the other hand, Morgan Stanley’s more conservative view signals potential caution that investors might need to heed. The company’s latest earnings showed a revenue of approximately $3.17 billion, which is a healthy figure, yet, challenges such as high debt-to-equity ratio and other operational costs loom.

In terms of stock performance, recent trading sessions saw fluctuations, with the stock closing at $78.8 on Aug 28, a significant rise from earlier in the week. This might indicate positive market sentiment following the increased price target projection. The stock’s journey from an opening price of $69.7 at the start of the day to nearing $79 reflects serious investor activity and may set a bullish tone moving forward.

Mixed Market Reactions

The duality in Pure Storage’s current scenario arises from distinctly different market strategies and investor sentiments. Citi’s optimistic outlook, with the raised price target, invigorates potential investors with hopes of financial growth and expansion opportunities. This sentiment aligns with the company’s strategic positioning in its market, possibly indicating that the technological and market advancements will propel it further.

Conversely, Morgan Stanley’s conservative stance reminds the market of underlying factors that may tarnish Pure Storage’s glimmer. Their analysis hints at the potential plateauing effect where past good performance and competitive edge might not guarantee future success, especially if major market developments have already been factored into the stock price.

As the company gears up for its Pure//Accelerate NYC event, significant investor and analyst attention will likely hone in on public announcements and key releases. Prospects discussed there could shape future financial expectations and impact market positions directly, influencing both short-term and long-term investment plans.

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Conclusion

In light of the mixed assessments, traders may find themselves at crossroads, reflecting upon both the optimistic projections by Citi and the caution exercised by Morgan Stanley. As millionaire penny stock trader and teacher Tim Sykes, says, “Consistency is key in trading; don’t let emotions dictate your trades.” The upcoming events and the release of financial results later this month present an opportunity for stakeholders to reassess their positions with more clarity. As we move closer to Pure Storage’s earnings announcement, the market’s eyes will be keenly peeled, observing every detail and release that the company and its analysts provide. The key question remains whether Pure Storage can substantiate the optimism imbued by Citi, or if Morgan Stanley’s more guarded approach will hold sway as the company navigates its market conditions.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

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Ellis Hobbs

Trainer and Mentor on Tim Sykes’ Trading Challenge
He teaches webinars on Tim Sykes’ Trading Challenge He treats trading like a business, not a hobby He emphasizes taking small risks — “If you get the process right, money is a forgone conclusion.”
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”