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

OverviewRevenueOwnershipFinancialsChartTranscripts

PSTG Stock Forecast

Pure Storage (PSTG) stock forecast, based on 19 Wall Street analysts, predicts a 12-month average price target of $71.50, with a high of $93.00 and a low of $56.00. This represents a 5.71% increase from the last price of $67.64.

$35 $47 $59 $71 $83 $95 High: $93 Avg: $71.5 Low: $56 Last Closed Price: $67.64

PSTG Stock Rating

Pure Storage stock's rating consensus is Buy, based on 19 Wall Street analysts. The breakdown includes 1 Strong Buy (5.26%), 13 Buy (68.42%), 4 Hold (21.05%), 1 Sell (5.26%), and 0 Strong Sell (0.00%).

Buy
Total 19 0 1 4 13 1 Strong Sell Sell Hold Buy Strong Buy

PSTG Forecast vs Benchmarks

TypeNameUpside
StockPure Storage5.71%
SectorTechnology Stocks 13.03%

Price Target Trends

1M3M12M
# Anlaysts--16
Avg Price Target--$67.63
Last Closing Price$67.64$67.64$67.64
Upside/Downside---0.01%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 2551061-22
Dec, 2451081-24
Nov, 245981-23
Oct, 245971-22
Sep, 2451071-23
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Howard MaGuggenheim$93.00$53.4274.09%37.49%
Aug 29, 2024Simon LeopoldRaymond James$70.00$59.7617.14%3.49%
Aug 29, 2024James FishPiper Sandler$56.00$59.76-6.29%-17.21%
Aug 29, 2024Asiya MerchantCitigroup$67.00$59.7612.12%-0.95%
Aug 19, 2024James FishPiper Sandler$60.00$62.42-3.88%-11.30%
Jun 21, 2024Aaron RakersWells Fargo$75.00$64.0817.04%10.88%
Jun 12, 2024Meta MarshallMorgan Stanley$60.00$66.56-9.86%-11.30%
May 30, 2024Eric MartinuzziLoop Capital Markets$70.00$62.9811.15%3.49%
May 30, 2024Mike CikosNeedham$80.00$62.9627.06%18.27%
May 30, 2024Matthew SheerinStifel Nicolaus$65.00$62.903.34%-3.90%
Latest Upgrade/Downgrade by Analysts
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 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 20Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported--$-0.50$0.24-----
Avg Forecast$0.25$0.15$0.63$1.28$1.36$1.67$1.75$2.25$2.71
High Forecast$0.24$0.14$0.61$1.26$1.31$1.64$1.59$1.68$2.66
Low Forecast$0.26$0.15$0.64$1.32$1.40$1.74$2.61$2.73$2.79
Surprise %---179.37%-81.25%-----

Revenue Forecast

$2B $2B $3B $4B $4B $5B Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 20Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported--$2.18B$2.75B-----
Avg Forecast$1.64B$1.66B$2.10B$2.75B$2.83B$3.16B$3.52B$4.05B$4.53B
High Forecast$1.61B$1.63B$2.06B$2.72B$2.79B$3.12B$3.46B$3.94B$4.47B
Low Forecast$1.67B$1.69B$2.14B$2.81B$2.84B$3.18B$3.60B$4.17B$4.63B
Surprise %--3.71%-0.05%-----

Net Income Forecast

$-500M $-200M $100M $400M $700M $1B Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28
Feb 20Feb 21Feb 22Feb 23Feb 24Feb 25Feb 26Feb 27Feb 28
Reported--$-143.26M$73.07M-----
Avg Forecast$-230.79M$48.92M$208.82M$427.09M$70.34M$562.80M$698.55M$734.42M$901.26M
High Forecast$-276.95M$47.63M$203.28M$419.85M$55.09M$546.25M$528.47M$559.56M$885.98M
Low Forecast$-184.63M$50.08M$213.74M$439.13M$85.60M$579.35M$868.63M$909.29M$926.67M
Surprise %---168.60%-82.89%-----

PSTG Forecast FAQ

Is Pure Storage stock a buy?

Pure Storage stock has a consensus rating of Buy, based on 19 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 13 Buy, 4 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 19 Wall Street analysts, averages $71.5 over the next 12 months. The price target range spans from $56 at the low end to $93 at the high end, suggesting a potential 5.71% change from the previous close price of $67.64.

How does Pure Storage stock forecast compare to the average forecast of its sector, industry, and investment themes?

Pure Storage stock forecast shows a 5.71% upside, underperforming the average forecast for the technology stocks sector (13.03%).

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

  • January 2025: 22.73% Strong Buy, 45.45% Buy, 27.27% Hold, 4.55% Sell, 0% Strong Sell.
  • December 2024: 20.83% Strong Buy, 41.67% Buy, 33.33% Hold, 4.17% Sell, 0% Strong Sell.
  • November 2024: 21.74% Strong Buy, 39.13% Buy, 34.78% Hold, 4.35% 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 is 1.36 for 2024, a 466.67% increase from the reported $0.24 in 2023. The prediction for 2025 is $1.67, $1.75 for 2026, $2.25 for 2027, and $2.71 for 2028.

What is Pure Storage’s revenue forecast?

Pure Storage's average annual revenue forecast for its fiscal year ending in February is $2.83B for 2024, a 2.60% increase from the reported $2.75B in 2023. The forecast for 2025 is $3.16B, $3.52B for 2026, $4.05B for 2027, and $4.53B for 2028.

What is Pure Storage’s net income forecast?

For its fiscal year ending in February, Pure Storage's average annual net income forecast is $70.34M for 2024, reflecting a -3.73% decrease from the reported $73.07M in 2023. The projection for 2025 is $562.8M, $698.55M for 2026, $734.42M for 2027, and $901.26M for 2028.