Pure Storage Stock Doubles in 6 Months and Can Double Again
PSTGPure Storage(PSTG) MarketBeat·2024-06-26 19:05

Pure Storage NYSE: PSTG is riding a wave of demand, with revenue rising and margins expanding. The combination has lifted the stock price by 500% since the 2020 low and by 100% in the last six months. Because the latest earnings report included accelerating results, showing momentum building, and profits growing, this stock could rise by 100% again. The caveat for investors is that the ride to new highs won’t come in a straight line, and price corrections will come. The takeaway is that this budding large-c ...