Why Affirm Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Benzinga
Affirm Holdings Performance: Affirm Holdings, Inc. shares surged 18% in pre-market trading after reporting a smaller-than-expected quarterly loss and exceeding revenue estimates, with losses of 14 cents per share against a consensus of 51 cents.
Stock Movements: Several stocks saw significant pre-market movements, including BioCardia gaining 109.5% after FDA approval, while Big Lots dropped 30.5% amid bankruptcy concerns.
Analyst Views on PSTG
Wall Street analysts forecast PSTG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSTG is 93.94 USD with a low forecast of 55.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
13 Buy
4 Hold
1 Sell
Moderate Buy
Current: 72.360
Low
55.00
Averages
93.94
High
120.00
Current: 72.360
Low
55.00
Averages
93.94
High
120.00
About PSTG
Pure Storage, Inc. is a data management and storage company. The Company is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data at scale and across any data workloads in on premises, cloud and hosted environments and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include Evergreen Architecture, FlashArray, and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage, Portworx Data Services, Cloud Block Store, Evergreen//One, and Evergreen//Flex. Its Pure Software includes Purity, Pure1, and Pure Fusion. Its Pure1 is a cloud-based data storage management plane, brings the convenience of cloud storage to on premises storage. The Company sells its products and subscription services using a direct sales force and its channel partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
