Pure Storage - PSTG Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last year. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSTG shares.
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18 analysts have issued 12 month price objectives for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they predict the company's stock price to reach $38.94 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
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Pure Storage's stock was trading at $26.76 on January 1st, 2023. Since then, PSTG stock has increased by 13.8% and is now trading at $30.44.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Pure Storage, Inc. (NYSE:PSTG) released its quarterly earnings results on Wednesday, November, 30th. The technology company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.09. The technology company earned $676.05 million during the quarter, compared to analysts' expectations of $671.84 million. Pure Storage had a trailing twelve-month return on equity of 13.11% and a net margin of 0.51%.

Pure Storage issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $810.00 million-$810.00 million, compared to the consensus revenue estimate of $813.32 million.

117 employees have rated Pure Storage Chief Executive Officer Charles Giancarlo on Glassdoor.com. Charles Giancarlo has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pure Storage investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Nutanix (NTNX), Micron Technology (MU), Advanced Micro Devices (AMD), Block (SQ), Cisco Systems (CSCO), Boeing (BA), Intel (INTC) and Marvell Technology (MRVL).

Pure Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSTG."

Pure Storage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Scout Investments Inc. (0.62%), Assenagon Asset Management S.A. (0.38%), Pacer Advisors Inc. (0.31%), Strs Ohio (0.30%), Swiss National Bank (0.22%) and California Public Employees Retirement System (0.20%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, Dan Fitzsimons, Gregory Tomb, P Kevan Krysler and Scott Dietzen.
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Shares of PSTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSTG stock can currently be purchased for approximately $30.44.

Pure Storage (NYSE:PSTG) has a market capitalization of $9.21 billion and generates $2.18 billion in revenue each year. The technology company earns $-143,260,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

The company employs 4,200 workers across the globe.

Pure Storage's mailing address is 650 CASTRO STREET SUITE 400, MOUNTAIN VIEW CA, 94041. The official website for the company is www.purestorage.com. The technology company can be reached via phone at (800) 379-7873, via email at ir@purestorage.com, or via fax at 650-625-9667.