We came across a bullish thesis on Pure Storage, Inc. (PSTG) on Substack by Magnus Ofstad. In this article, we will summarize the bulls’ thesis on PSTG. Pure Storage, Inc. (PSTG)’s share was trading at $49.22 as of March 7th. PSTG’s trailing and forward P/E were 158.77 and 28.90 respectively according to Yahoo Finance.
The market’s reaction to Pure Storage (PSTG) has been severe, with shares plummeting from $70 to $50 in just a month, despite solid Q4 earnings. The key driver behind...
