Pure Storage, Inc. (NYSE:PSTG) faces a lowered price target from Citi to $90 from $105, maintaining a Buy rating. Despite mixed market demand, the firm believes in the company’s long-term growth. In Q3 fiscal 2026, PSTG reported $964 million in revenue with 16% year-over-year growth and expects revenue between $1.02 billion and $1.04 billion in Q4.

As the ninth best data storage stock to buy, Pure Storage, Inc. (NYSE:PSTG) offers all-flash data storage solutions for enterprise and cloud customers. Founded in 2009, the company is headquartered in California. However, other AI stocks may offer greater upside potential and less downside risk, according to analysts.

Pure Storage, Inc. (NYSE:PSTG) reported impressive financials in Q3 fiscal 2026, with revenue growth, expanding margins, and increasing subscription penetration. The company expects revenue of $3.63 billion to $3.64 billion for the full fiscal year, reinforcing its long-term investment outlook. Despite its potential, other AI stocks may offer better investment opportunities.

Read more at Yahoo Finance: Pure Storage, Inc. (PSTG) Target Cut to $90 as Sector Valuations Reset