Pure Storage, Inc. (PSTG)

Pure Storage Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Pure Storage stock have an average target of 72.43, with a low estimate of 50 and a high estimate of 93. The average target predicts an increase of 57.46% from the current stock price of 46.00.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$72.43	$73	$93
Change	+8.70%	+57.46%	+58.70%	+102.17%

* Price targets were last updated on Feb 27, 2025.

Analyst Ratings

The average analyst rating for Pure Storage stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	6	6	6	6	6	6
Buy	7	8	9	9	9	9
Hold	6	6	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	20	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Asiya Merchant Citigroup	Citigroup	Strong Buy Maintains $80 → $77	Strong Buy	Maintains	$80 → $77	+67.39%	Feb 27, 2025
David Vogt UBS	UBS	Strong Sell Maintains $47 → $50	Strong Sell	Maintains	$47 → $50	+8.70%	Feb 27, 2025
Wamsi Mohan B of A Securities	B of A Securities	Hold Maintains $77 → $73	Hold	Maintains	$77 → $73	+58.70%	Feb 27, 2025
Mike Cikos Needham	Needham	Strong Buy Reiterates $75	Strong Buy	Reiterates	$75	+63.04%	Feb 27, 2025
Asiya Merchant Citigroup	Citigroup	Strong Buy Maintains $75 → $80	Strong Buy	Maintains	$75 → $80	+73.91%	Feb 21, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.59B

Increased by 13.25%

from 3.17B

Revenue Next Year

4.10B

Increased by 14.13%

from 3.59B

EPS This Year

1.80

Increased by 481.68%

from 0.31

EPS Next Year

2.28

Increased by 26.59%

from 1.80

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 31, 2021	Feb 6, 2022	Feb 5, 2023	Feb 4, 2024	Feb 2, 2025	Feb 2, 2026	Feb 2, 2027	Feb 2, 2028
Revenue	1.68B	2.18B	2.75B	2.83B	3.17B	3.59B	4.10B	4.57B
Revenue Growth	2.48%	29.49%	26.26%	2.80%	11.92%	13.25%	14.13%	11.50%
EPS	-1.05	-0.50	0.23	0.19	0.31	1.80	2.28	2.56
EPS Growth	-	-	-	-17.30%	66.44%	481.68%	26.59%	12.27%
Forward PE	-	-	-	-	-	25.51	20.15	17.95
No. Analysts	-	-	-	-	-	23	17	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	3.7B	4.5B	4.9B
Avg	3.6B	4.1B	4.6B
Low	3.4B	3.7B	4.0B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	18.1%	24.6%	20.5%
Avg	13.3%	14.1%	11.5%
Low	7.8%	4.5%	-1.3%

EPS Forecast

EPS	2026	2027	2028
High	2.04	3.00	3.20
Avg	1.80	2.28	2.56
Low	1.52	1.72	1.98

EPS Growth

EPS Growth	2026	2027	2028
High	557.1%	66.5%	40.3%
Avg	481.7%	26.6%	12.3%
Low	390.0%	-4.3%	-13.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.