Pure Storage, Inc. (PSTG)

Pure Storage Stock Forecast

Stock Price Forecast

According to 21 professional analysts, the 12-month price target for Pure Storage stock ranges from a low of $50 to a high of $93. The average analyst price target of $70.24 forecasts a 28.39% increase in the stock price over the next year.

Price Target: $70.24 (+28.39%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$50	$70.24	$70	$93
Change	-8.61%	+28.39%	+27.95%	+69.99%

Analyst Ratings

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

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	6	6	6	6	6	6
Buy	9	9	9	9	9	9
Hold	5	5	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	21	21	21	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
James Fish Piper Sandler	Piper Sandler	Buy Maintains $53 → $66	Buy	Maintains	$53 → $66	+20.64%	May 29, 2025
Tim Long Barclays	Barclays	Hold Maintains $61 → $57	Hold	Maintains	$61 → $57	+4.19%	May 29, 2025
Pinjalim Bora JP Morgan	JP Morgan	Buy Maintains $75 → $70	Buy	Maintains	$75 → $70	+27.95%	May 29, 2025
Mike Cikos Needham	Needham	Strong Buy Reiterates $75	Strong Buy	Reiterates	$75	+37.09%	May 29, 2025
Amit Daryanani Evercore ISI Group	Evercore ISI Group	Buy Maintains $60 → $70	Buy	Maintains	$60 → $70	+27.95%	May 23, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

3.58B

Increased by 12.87%

from 3.17B

Revenue Next Year

4.08B

Increased by 14.04%

from 3.58B

EPS This Year

1.74

Increased by 462.12%

from 0.31

EPS Next Year

2.21

Increased by 26.68%

from 1.74

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	3.58B	4.08B	4.46B
Revenue Growth	2.48%	29.49%	26.26%	2.80%	11.93%	12.87%	14.04%	9.37%
EPS	-1.05	-0.50	0.23	0.19	0.31	1.74	2.21	2.45
EPS Growth	-	-	-	-17.30%	66.44%	462.12%	26.68%	11.14%
Forward PE	-	-	-	-	-	31.40	24.78	22.30
No. Analysts	-	-	-	-	-	23	22	6

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	4.7B
Avg	3.6B	4.1B	4.5B
Low	3.3B	3.7B	4.0B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	18.1%	25.0%	15.4%
Avg	12.9%	14.0%	9.4%
Low	3.3%	4.8%	-0.9%

EPS Forecast

EPS	2026	2027	2028
High	1.92	2.76	2.86
Avg	1.74	2.21	2.45
Low	1.52	1.74	1.98

EPS Growth

EPS Growth	2026	2027	2028
High	519.8%	58.5%	29.7%
Avg	462.1%	26.7%	11.1%
Low	390.0%	0.1%	-10.3%

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.