10 Best Jim Cramer Stocks To Buy According to Analysts

8. Pure Storage, Inc. (NYSE:PSTG)

Average Price Target Upside: 18.21%

Number of Hedge Fund Holders: 38

Talking about Pure Storage, Inc. (NYSE:PSTG) during a lightning round, Cramer said, “It does its job very well. It’s actually had a good run here. I think I would hold on to it.”

Pure Storage (NYSE:PSTG) provides advanced data storage and management solutions, with its Purity software notable for delivering data reduction and protection across various storage protocols. The company’s stock went up after Guggenheim’s analyst Howard Ma identified it as a key investment opportunity, labeling it the “best idea.” Following this assessment, Ma raised the price target for the stock from $72 to $93 as reported by TipRanks on October 17.

According to Ma, the company is on the verge of announcing a significant deal with one of the top four hyperscalers in the near future. This anticipated partnership is expected to generate substantial value, with projections estimating an aggregate worth of $3 billion over the next five years. The collaboration is expected to involve both integrated software and hardware solutions.

For the third quarter of fiscal 2025, Pure Storage (NYSE:PSTG) management has forecasted revenue to reach $815 million, which is a year-over-year growth of 6.8%. Additionally, the non-GAAP operating income is forecasted to be $140 million, representing a margin of 17.2%.