Pure Storage - PSTG Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pure Storage in the last twelve months. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSTG shares.
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18 brokerages have issued 12 month target prices for Pure Storage's stock. Their PSTG share price forecasts range from $27.00 to $47.00. On average, they expect the company's stock price to reach $38.94 in the next year. This suggests a possible upside of 37.9% 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 shares have increased by 5.5% and is now trading at $28.24.
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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) announced its earnings results on Wednesday, November, 30th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.09. The technology company had revenue of $676.05 million for 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 updated its fourth quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share (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 investors include Scout Investments Inc. (0.62%), Assenagon Asset Management S.A. (0.38%), Strs Ohio (0.30%), National Bank of Canada FI (0.19%), Sara Bay Financial (0.07%) and Diversified Trust Co (0.03%). 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 $28.24.

Pure Storage (NYSE:PSTG) has a market capitalization of $8.55 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.