
Redburn-Atlantic has upgraded Upstart Holdings Inc. ($UPST) to a 'Buy' rating from 'Neutral', significantly raising its price target to $95 from $37. The firm anticipates that the share price could exceed $250 over the next five years, citing two consecutive quarters of performance that surpassed expectations. Meanwhile, Piper Sandler has upgraded Pure Storage Inc. ($PSTG) to 'Overweight' from 'Neutral', with a new price target of $76, up from $56. This upgrade follows a strong performance in the third quarter, despite some lead metrics underperforming. Analysts noted that the upgrade was driven largely by a significant hyperscaler win, which they believe presents a substantial opportunity for the company. The CEO of Pure Storage, Charles Giancarlo, indicated positive growth trends within the business during recent discussions.

We're seeing good growth in the business, says @PureStorage CEO Charles Giancarlo https://t.co/FTUMmX1Em5
Piper Sandler: Pure Storage hyperscaler win creates 'pure opportunity' https://t.co/VKmsBersug https://t.co/coTzInLo84
Piper upgrades $PSTG after being neutral- upgrade solely driven by hyperscaler win- comment on print/guide ex win- “Without this win and given lead metrics' miss, the stock would have likely been down.”