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 equities research 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 expect the company's stock price to reach $38.94 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
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Pure Storage's stock was trading at $32.55 at the start of the year. Since then, PSTG stock has decreased by 10.5% and is now trading at $29.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our PSTG earnings forecast.

Pure Storage, Inc. (NYSE:PSTG) posted its quarterly earnings data on Tuesday, November, 23rd. The technology company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.10. The technology company had revenue of $562.74 million for the quarter, compared to analyst estimates of $530.66 million. Pure Storage had a net margin of 0.51% and a trailing twelve-month return on equity of 13.52%. The firm's revenue was up 37.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.22) EPS.

Pure Storage issued an update on its fourth quarter 2023 earnings guidance on Wednesday, November, 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.20%), First Trust Advisors LP (1.75%), Disciplined Growth Investors Inc. MN (1.71%), Two Sigma Advisers LP (1.46%), Marshall Wace LLP (0.97%) and Blair William & Co. IL (0.95%). Insiders that own company stock include Ajay Singh, Andrew William Fraser Brown, Anita M Sands, 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 $29.14.

Pure Storage (NYSE:PSTG) has a market capitalization of $8.71 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.