Pure Storage (PSTG) Stock Forecast & Price Target

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$51.83

-0.49 (-0.94%)

(As of 04/18/2024 ET)

Pure Storage Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$50.53
-2.52% Downside

High Forecast	$66.00
Average Forecast	$50.53
Low Forecast	$40.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$50.53	$49.72	$41.69	$36.58
Predicted Upside	-2.52% Downside	11.06% Upside	19.70% Upside	36.81% Upside

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PSTG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSTG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Pure Storage Stock vs. The Competition

Type	Pure Storage	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.88	2.58	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-2.52% Downside	112.05% Upside	12.30% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/11/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$45.00 ➝ $65.00	+22.32%
4/11/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$66.00	+24.20%
3/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$65.00	+28.03%
2/29/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$51.00 ➝ $55.00	+4.46%
2/29/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$41.00 ➝ $46.00	-11.04%
2/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$50.00	-2.55%
Get the Latest News and Ratings for PSTG and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Pure Storage and its competitors with MarketBeat's FREE daily newsletter.
2/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$43.00 ➝ $48.00	-6.89%
2/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$45.00 ➝ $50.00	-1.94%
2/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$42.00 ➝ $50.00	+0.34%
2/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$42.00 ➝ $51.00	+21.08%
2/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$38.00 ➝ $44.00	+4.46%
2/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$42.00 ➝ $60.00	+42.45%
2/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$41.00 ➝ $48.00	+17.82%
12/7/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$48.00	+50.94%
11/30/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Strong-Buy ➝ Strong-Buy	$45.00 ➝ $42.00	+26.85%
8/31/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$45.00	+23.86%
6/16/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$36.00 ➝ $42.00	+10.21%
6/16/2023	Lake Street Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$34.00 ➝ $40.00	+6.35%
6/16/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$37.00 ➝ $45.00	+19.65%
6/1/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:44 AM ET.

PSTG Price Target - Frequently Asked Questions

What is Pure Storage's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Pure Storage stock is Moderate Buy based on the current 3 hold ratings, 12 buy ratings and 1 strong buy rating for PSTG. The average twelve-month price prediction for Pure Storage is $50.53 with a high price target of $66.00 and a low price target of $40.00. Learn more on PSTG's analyst rating history.
Do Wall Street analysts like Pure Storage more than its competitors?: Analysts like Pure Storage more than other Computer and Technology companies. The consensus rating score for Pure Storage is 2.88 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how PSTG compares to other companies.
Is Pure Storage being downgraded by Wall Street analysts?: Over the previous 90 days, Pure Storage's stock had 1 downgrade by analysts.

Does Pure Storage's stock price have much upside?: According to analysts, Pure Storage's stock has a predicted upside of 11.91% based on their 12-month stock forecasts.
What analysts cover Pure Storage?: Pure Storage has been rated by Bank of America, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Needham & Company LLC, Stifel Nicolaus, Susquehanna, TD Cowen, UBS Group, and Wedbush in the past 90 days.

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This page (NYSE:PSTG) was last updated on 4/19/2024 by MarketBeat.com Staff

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Pure Storage (PSTG) Stock Forecast & Price Target

Pure Storage Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

PSTG Analyst Ratings By Month

PSTG Price Targets by Month

Pure Storage Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

PSTG Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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