Pure Storage sinks as UBS downgrades amid competition worries (NYSE:PSTG)
2024-07-02
wilpunt/E+ via Getty Images Pure Storage (NYSE:PSTG) was in the spotlight on Tuesday as investment firm UBS downgraded the flash storage company, noting that increased competition could impact its valuation. Shares fell 4.9% in premarket trading and have gained 88% year-to-date. “Pure’s valuation has benefitted from the view that AIContinue Reading