03:15 PM EDT, 08/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We up our 12-month target to $88 from $67, on 35x our FY 27 EPS view, above peers on expected share gains. We raise our FY 26 EPS view to $1.94 from $1.91 and FY 27's to $2.52 from $2.22. We downgrade to Hold from Strong Buy, as PSTG's 15% post-earnings rally has compressed the risk-reward profile that previously justified our bullish stance. While we remain constructive on Q2 execution, with raised FY 26 guidance to $3.6B-$3.63B and subscription momentum accelerating, we believe current valuation assumes flawless execution. We see meaningful growth catalysts in AI workload proliferation, Enterprise Data Cloud enterprise adoption, and hyperscale partnerships scaling beyond Meta. However, we expect headwinds to pose material risks: hyperscale revenue timing remains uncertain, with meaningful contributions delayed until FY 27, competitive threats from VAST Data and hyperscale-backed solutions are intensifying, and we anticipate margin pressure as high-volume deals scale.