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NYSE:PSTG

Pure Storage - PSTG Stock Forecast, Price & News

$28.50
+0.26 (+0.92%)
(As of 01/27/2023 03:11 PM ET)
Add
Compare
Today's Range
$27.97
$28.85
50-Day Range
$25.89
$30.75
52-Week Range
$21.90
$36.71
Volume
4.29 million shs
Average Volume
4.40 million shs
Market Capitalization
$8.62 billion
P/E Ratio
712.68
Dividend Yield
N/A
Price Target
$38.94

Pure Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
36.4% Upside
$38.94 Price Target
Short Interest
Bearish
7.16% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.11
Upright™ Environmental Score
News Sentiment
0.87mentions of Pure Storage in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.61 M Sold Last Quarter
Proj. Earnings Growth
-18.18%
From $0.22 to $0.18 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Computer And Technology Sector

425th out of 634 stocks

Computer Storage Devices Industry

5th out of 5 stocks


PSTG stock logo

About Pure Storage (NYSE:PSTG) Stock

Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.

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PSTG Stock News Headlines

MarketBeat: Week in Review 12/05 – 12/09 (PSTG)
The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.
Should You Store Your Capital in Pure Storage Stock?
Enterprise data storage solutions provider Pure Storage Inc. (NYSE: PSTG) stock closed out 2022 with a (-16.5%) loss. Much of the selling
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Investors Buy High Volume of Pure Storage Put Options (NYSE:PSTG)
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Here's Why You May Consider Adding WIX to Your Portfolio
Simulations Plus (SLP) Rolls Out New Version of DILIsym
Pure Storage Inc
This Is What Whales Are Betting On Pure Storage
Pure Storage Third-Quarter Results Beat Estimates
Earnings Preview For Pure Storage
When Should You Buy Pure Storage, Inc. (NYSE:PSTG)?
Analyst Ratings for Pure Storage
See More Headlines
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PSTG Company Calendar

Last Earnings
11/30/2022
Today
1/27/2023
Fiscal Year End
1/31/2023
Next Earnings (Estimated)
3/01/2023

Industry, Sector and Symbol

Industry
Computer storage devices
Sub-Industry
N/A
Employees
4,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$38.94
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+36.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
18 Analysts

Profitability

Net Income
$-143,260,000.00
Pretax Margin
1.14%

Debt

Sales & Book Value

Annual Sales
$2.18 billion
Cash Flow
$0.33 per share
Book Value
$2.58 per share

Miscellaneous

Free Float
282,010,000
Market Cap
$8.62 billion
Optionable
Optionable
Beta
1.28

Key Executives

  • Charles H. Giancarlo
    Chairman & Chief Executive Officer
  • Michael Fitzgerald
    Vice President-Operations
  • Kevan KryslerKevan Krysler
    Chief Financial Officer
  • Robert Lee
    Chief Technology Officer
  • King Yuet Chu
    Chief Accounting Officer & Vice President













PSTG Stock - Frequently Asked Questions

Should I buy or sell Pure Storage stock right now?

18 Wall Street equities 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 equities research analysts is that investors should "buy" PSTG shares.
View PSTG analyst ratings
or view top-rated stocks.

What is Pure Storage's stock price forecast for 2023?

18 Wall Street analysts have issued twelve-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.
View analysts price targets for PSTG
or view top-rated stocks among Wall Street analysts.

How have PSTG shares performed in 2023?

Pure Storage's stock was trading at $26.76 at the start of the year. Since then, PSTG stock has increased by 5.5% and is now trading at $28.24.
View the best growth stocks for 2023 here
.

When is Pure Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our PSTG earnings forecast
.

How were Pure Storage's earnings last quarter?

Pure Storage, Inc. (NYSE:PSTG) announced its quarterly earnings results on Wednesday, November, 30th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.09. The technology company had revenue of $676.05 million for the quarter, compared to the consensus estimate of $671.84 million. Pure Storage had a net margin of 0.51% and a trailing twelve-month return on equity of 13.11%.

What guidance has Pure Storage issued on next quarter's earnings?

Pure Storage updated 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.

What is Charles Giancarlo's approval rating as Pure Storage's CEO?

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.

What other stocks do shareholders of Pure Storage own?

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).

What is Pure Storage's stock symbol?

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

Who are Pure Storage's major shareholders?

Pure Storage's stock is owned by a variety 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.
View institutional ownership trends
.

How do I buy shares of Pure Storage?

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.
Compare Top Brokerages Here.

What is Pure Storage's stock price today?

One share of PSTG stock can currently be purchased for approximately $28.24.

How much money does Pure Storage make?

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.

How many employees does Pure Storage have?

The company employs 4,200 workers across the globe.

How can I contact Pure Storage?

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.

This page (NYSE:PSTG) was last updated on 1/27/2023 by MarketBeat.com Staff