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Pure Storage (PSTG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PSTG Stock Forecast

Pure Storage (PSTG) stock forecast, based on 43 Wall Street analysts, predicts a 12-month average price target of $84.00, with a high of $93.00 and a low of $75.00. This represents a 100.24% increase from the last price of $41.95.

$35 $47 $59 $71 $83 $95 High: $93 Avg: $84 Low: $75 Last Closed Price: $41.95

PSTG Stock Rating

Pure Storage stock's rating consensus is Buy, based on 43 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 34 Buy (79.07%), 8 Hold (18.60%), 1 Sell (2.33%), and 0 Strong Sell (0.00%).

Buy
Total 43 1 8 34 Strong Sell Sell Hold Buy Strong Buy

PSTG Price Target Upside V Benchmarks

TypeNameUpside
StockPure Storage100.24%
SectorTechnology Stocks 33.74%

Price Target Trends

1M3M12M
# Anlaysts-116
Avg Price Target-$75.00$68.56
Last Closing Price$41.95$41.95$41.95
Upside/Downside-78.78%63.43%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 2551051-21
Mar, 2551051-21
Feb, 2551051-21
Jan, 2551061-22
Dec, 2451081-24
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Feb 28, 2025UBS$75.00$52.4742.94%78.78%
Oct 17, 2024Howard MaGuggenheim$93.00$53.4274.09%121.69%
Aug 29, 2024Simon LeopoldRaymond James$70.00$59.7617.14%66.87%
Aug 29, 2024James FishPiper Sandler$56.00$59.76-6.29%33.49%
Aug 29, 2024Asiya MerchantCitigroup$67.00$59.7612.12%59.71%
Aug 19, 2024James FishPiper Sandler$60.00$62.42-3.88%43.03%
Jun 21, 2024Aaron RakersWells Fargo$75.00$64.0817.04%78.78%
Jun 12, 2024Meta MarshallMorgan Stanley$60.00$66.56-9.86%43.03%
May 30, 2024Eric MartinuzziLoop Capital Markets$70.00$62.9811.15%66.87%
May 30, 2024Mike CikosNeedham$80.00$62.9627.06%90.70%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Dec 04, 2024Cowen & Co.BuyBuyhold
Dec 04, 2024Bank of America SecuritiesNeutralNeutralhold
Dec 04, 2024Lake StreetBuyBuyhold
Nov 14, 2024CitigroupBuyBuyhold
Nov 13, 2024Evercore ISIOutperformOutperformhold
Oct 17, 2024WedbushBuyBuyhold
Oct 17, 2024GuggenheimBuyBuyhold
Aug 29, 2024Raymond JamesOutperformOutperformhold
Aug 29, 2024Piper SandlerNeutralNeutralhold
Aug 29, 2024CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported-$-0.50$0.24$0.20----
Avg Forecast$0.15$0.63$1.28$1.36$1.67$1.75$2.25$2.71
High Forecast$0.15$0.64$1.32$1.40$1.74$2.61$2.73$2.79
Low Forecast$0.14$0.61$1.26$1.31$1.64$1.59$1.68$2.66
Surprise %--179.37%-81.25%-85.29%----

Revenue Forecast

$2B $2B $3B $4B $4B $5B Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported-$2.18B$2.75B$2.83B----
Avg Forecast$1.66B$2.10B$2.75B$2.83B$3.16B$3.52B$4.05B$4.53B
High Forecast$1.69B$2.14B$2.81B$2.84B$3.18B$3.60B$4.17B$4.63B
Low Forecast$1.63B$2.06B$2.72B$2.79B$3.12B$3.46B$3.94B$4.47B
Surprise %-3.71%-0.05%0.20%----

Net Income Forecast

$-500M $-200M $100M $400M $700M $1B Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported-$-143.26M$73.07M$61.31M----
Avg Forecast$48.92M$208.82M$427.09M$70.34M$562.80M$698.55M$734.42M$901.26M
High Forecast$50.08M$213.74M$439.13M$85.60M$579.35M$868.63M$909.29M$926.67M
Low Forecast$47.63M$203.28M$419.85M$55.09M$546.25M$528.47M$559.56M$885.98M
Surprise %--168.60%-82.89%-12.84%----

PSTG Forecast FAQ

Is Pure Storage stock a buy?

Pure Storage stock has a consensus rating of Buy, based on 43 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 34 Buy, 8 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Pure Storage is a favorable investment for most analysts.

What is Pure Storage's price target?

Pure Storage's price target, set by 43 Wall Street analysts, averages $84 over the next 12 months. The price target range spans from $75 at the low end to $93 at the high end, suggesting a potential 100.24% change from the previous closing price of $41.95.

How does Pure Storage stock forecast compare to its benchmarks?

Pure Storage's stock forecast shows a 100.24% upside, outperforming the average forecast for the technology stocks sector (33.74%).

What is the breakdown of analyst ratings for Pure Storage over the past three months?

  • April 2025: 23.81% Strong Buy, 47.62% Buy, 23.81% Hold, 4.76% Sell, 0% Strong Sell.
  • March 2025: 23.81% Strong Buy, 47.62% Buy, 23.81% Hold, 4.76% Sell, 0% Strong Sell.
  • February 2025: 23.81% Strong Buy, 47.62% Buy, 23.81% Hold, 4.76% Sell, 0% Strong Sell.

What is Pure Storage’s EPS forecast?

Pure Storage's average annual EPS forecast for its fiscal year ending in February 2025 is $1.67, marking a 735.00% increase from the reported $0.2 in 2024. Estimates for the following years are $1.75 in 2026, $2.25 in 2027, and $2.71 in 2028.

What is Pure Storage’s revenue forecast?

Pure Storage's average annual revenue forecast for its fiscal year ending in February 2025 is $3.16B, reflecting a 11.52% increase from the reported $2.83B in 2024. The forecast for 2026 is $3.52B, followed by $4.05B for 2027, and $4.53B for 2028.

What is Pure Storage’s net income forecast?

Pure Storage's net income forecast for the fiscal year ending in February 2025 stands at $562.8M, representing an 817.94% increase from the reported $61.31M in 2024. Projections indicate $698.55M in 2026, $734.42M in 2027, and $901.26M in 2028.