Pure Storage, Inc. (PSTG)
NYSE: PSTG · Real-Time Price · USD
49.78
-0.12 (-0.24%)
At close: Nov 20, 2024, 4:00 PM
49.54
-0.24 (-0.48%)
Pre-market: Nov 21, 2024, 5:35 AM EST
Pure Storage Stock Forecast
Stock Price Forecast
The 21 analysts with 12-month price forecasts for Pure Storage stock have an average target of 68.14, with a low estimate of 45 and a high estimate of 93. The average target predicts an increase of 36.88% from the current stock price of 49.78.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 6 | 6 |
| Buy | 8 | 8 | 8 | 8 | 7 | 8 |
| Hold | 6 | 5 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Total | 19 | 19 | 20 | 20 | 20 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $67 → $63 | Strong Buy | Maintains | $67 → $63 | +26.56% | Nov 19, 2024 |
| Oppenheimer | Oppenheimer | Buy Initiates $70 | Buy | Initiates | $70 | +40.62% | Nov 13, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $72 → $93 | Strong Buy | Maintains | $72 → $93 | +86.82% | Oct 17, 2024 |
| Lake Street | Lake Street | Strong Buy Maintains $70 → $68 | Strong Buy | Maintains | $70 → $68 | +36.60% | Aug 29, 2024 |
| Northland Capital Markets | Northland Capital Markets | Hold Reiterates $68 → $59 | Hold | Reiterates | $68 → $59 | +18.52% | Aug 29, 2024 |
Financial Forecast
Revenue This Year
3.19B
from 2.83B
Increased by 12.73%
Revenue Next Year
3.59B
from 3.19B
Increased by 12.44%
EPS This Year
1.66
from 0.19
Increased by 790.16%
EPS Next Year
1.88
from 1.66
Increased by 13.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 3.8B | 4.3B | ||
| Avg | 3.2B | 3.6B | 4.0B | ||
| Low | 3.0B | 3.3B | 3.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.3% | 19.7% | 19.9% | ||
| Avg | 12.7% | 12.4% | 11.0% | ||
| Low | 7.3% | 4.0% | 0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.88 | 2.33 | 2.52 |
| Avg | 1.66 | 1.88 | 2.07 |
| Low | 1.42 | 1.49 | 1.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 909.1% | 40.5% | 33.8% |
| Avg | 790.2% | 13.6% | 9.8% |
| Low | 662.4% | -10.2% | -13.1% |
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.