Pure Storage (PSTG) is well positioned to benefit from accelerating artificial intelligence infrastructure demand, supported by strong hyperscaler engagement and subscription momentum, Oppenheimer said in a research note Thursday.

The company's fiscal Q4 results topped expectations and management issued fiscal Q1 and 2027 revenue guidance above consensus, reflecting a growing deployment pipeline with large customers, including Meta, the investment firm said.

Pure Storage has gained its first FlashBlade/EXA customer and is in advanced discussions with additional hyperscalers, signaling early traction for next-generation AI storage platforms despite near-term margin pressure tied to memory pricing, according to the note.

Oppenheimer reiterated its outperform rating on the stock and its $100 price target.

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