Pure Storage stock: Bank of America raises target to USD 180
Published on 10/30/2026 at 02:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target reflects higher growth expectations
- Bank of America increased its valuation target after Pure Storage outlined a stronger long-term growth outlook.
- The company reported second-quarter revenue growth and expanded its focus on AI, hyperscalers and data management.
- The company now trades under the Everpure name, according to the reviewed market report.
Bank of America raised its price target for Pure Storage from USD 150 to USD 180, according to a market report published by Yahoo Finance on October 1, 2026. The report said the move followed a stronger long-term growth outlook presented by the company.
Growth outlook moves into focus
The report described the company's analyst day on September 23 as a key development. Management presented a preliminary FY28 revenue outlook of USD 7 billion to USD 7.3 billion and projected non-GAAP operating income of USD 1.7 billion to USD 1.9 billion.
Pure Storage also reaffirmed FY27 revenue growth of 37% to 38%, according to the report. The strategy increasingly extends beyond enterprise storage into data management, AI workloads, hyperscaler relationships and neocloud customers.
Strong second quarter supports the case
The same report said second-quarter revenue increased 38% year over year to USD 1.2 billion, while product revenue rose 54%. It also noted that the company entered the S&P 500 effective September 21.
The market report identifies the company as Everpure, formerly known as Pure Storage, following a name change in 2026. Citi had separately raised its target to USD 160 from USD 130, while Bank of America's move was to USD 180 from USD 150.
What investors should watch
The revised targets reflect analyst expectations for faster growth and a broader addressable market, rather than a guaranteed operating outcome. Investors will therefore focus on whether software and data-management initiatives can complement the established storage business and support the projected margin profile.
Lang & Schwarz showed a quote of EUR 117.35 for the instrument on October 29, 2026, at 23:00 Berlin time. A dated Xetra comparison was not established for this report, so no Xetra day change is stated.
For a direct view of the instrument, see the real-time quote of Pure Storage stock.
The broader US market remains the relevant environment for this US-listed company; see the S&P 500 market overview.
For further coverage, see More news and analyses on Pure Storage stock.
Pure Storage company and market facts
- Company: Pure Storage, identified as Everpure in the reviewed market report
- ISIN: US74624M1027
- Ticker: P
- Lang & Schwarz quote: EUR 117.35 on October 29, 2026, at 23:00 Berlin time
- Price-target change: Bank of America raised its target from USD 150 to USD 180
