03:40 PM EDT, 05/29/2025 (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 keep our 12-month target price at $67, shifting to a P/E of 30x our FY 27 (Jan.) estimate, above peers, on expected share gain. We increase our FY 26 EPS view to $1.91 from $1.85 and FY 27's to $2.22 from $2.17. PSTG posted Q1 FY 26 EPS of $0.29 vs. $0.32, with revenue growing 12% to $778.5M. Subscription services climbed 17% to $406.3 million (52% of total), with annual recurring revenue reaching $1.7 billion (+18% Y/Y). Gross margin improved 170 bps sequentially to 70.9% as product margins recovered, though an operating margin of 10.6% reflects expected product mix headwinds. We expect continued margin expansion led by subscription transition and operational leverage. FlashBlade//EXA launch and Meta hyperscale progress (1-2 exabytes H2) position PSTG well for AI storage demand. A strong balance sheet ($1.6 billion cash) supports growth investments and shareholder returns.