Pure Storage, Inc. (PSTG)
NYSE: PSTG · IEX Real-Time Price · USD
59.10
-0.65 (-1.09%)
At close: Jul 19, 2024, 4:00 PM
59.84
+0.74 (1.25%)
Pre-market: Jul 22, 2024, 7:51 AM EDT
Pure Storage Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Pure Storage stock have an average target of 69.63, with a low estimate of 45 and a high estimate of 80. The average target predicts an increase of 17.82% from the current stock price of 59.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Pure Storage stock from 19 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 5 | 4 | 5 | 5 | 5 |
| Buy | 9 | 9 | 11 | 9 | 8 | 8 |
| Hold | 3 | 3 | 3 | 5 | 6 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 15 | 17 | 18 | 19 | 19 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold → Strong Sell Downgrades $44 → $47 | Hold → Strong Sell | Downgrades | $44 → $47 | -20.47% | Jul 2, 2024 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $72 | Strong Buy | Reiterates | $72 | +21.83% | Jun 25, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $75 → $80 | Buy | Maintains | $75 → $80 | +35.36% | Jun 21, 2024 |
| Needham | Needham | Strong Buy Reiterates $80 | Strong Buy | Reiterates | $80 | +35.36% | Jun 21, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $60 | Buy → Hold | Downgrades | $60 | +1.52% | Jun 12, 2024 |
Financial Forecast
Revenue This Year
3.20B
from 2.83B
Increased by 12.91%
Revenue Next Year
3.62B
from 3.20B
Increased by 13.24%
EPS This Year
1.63
from 0.19
Increased by 759.26%
EPS Next Year
1.92
from 1.63
Increased by 17.37%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.3B | 4.0B | 4.3B | 5.1B | 6.1B |
| Avg | 3.2B | 3.6B | 4.0B | 4.9B | 5.9B |
| Low | 3.0B | 3.3B | 3.6B | 4.7B | 5.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.5% | 24.8% | 18.9% | 25.8% | 22.7% |
| Avg | 12.9% | 13.2% | 11.7% | 22.2% | 19.2% |
| Low | 7.1% | 3.5% | -1.1% | 17.4% | 14.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.86 | 2.60 | 2.55 |
| Avg | 1.63 | 1.92 | 2.14 |
| Low | 1.35 | 1.51 | 1.68 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 878.2% | 59.5% | 33.2% |
| Avg | 759.3% | 17.4% | 11.5% |
| Low | 610.2% | -7.4% | -12.2% |
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.