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 71.95, with a low estimate of 47 and a high estimate of 93. The average target predicts an increase of 11.72% from the current stock price of 64.40.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$47	$71.95	$72	$93
Change	-27.02%	+11.72%	+11.80%	+44.41%

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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	5	5	5	6	6	6
Buy	8	8	8	7	8	9
Hold	5	6	6	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	19	20	20	20	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Meta Marshall Morgan Stanley	Morgan Stanley	Hold Maintains $62 → $72	Hold	Maintains	$62 → $72	+11.80%	Dec 17, 2024
Pinjalim Bora JP Morgan	JP Morgan	Buy Maintains $60 → $75	Buy	Maintains	$60 → $75	+16.46%	Dec 4, 2024
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $68 → $70	Strong Buy	Maintains	$68 → $70	+8.70%	Dec 4, 2024
Asiya Merchant Citigroup	Citigroup	Strong Buy Maintains $63 → $75	Strong Buy	Maintains	$63 → $75	+16.46%	Dec 4, 2024
David Vogt UBS	UBS	Strong Sell Maintains $45 → $47	Strong Sell	Maintains	$45 → $47	-27.02%	Dec 4, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

3.19B

Increased by 12.73%

from 2.83B

Revenue Next Year

3.58B

Increased by 12.32%

from 3.19B

EPS This Year

1.66

Increased by 791.31%

from 0.19

EPS Next Year

1.89

Increased by 13.90%

from 1.66

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Feb 2, 2020	Jan 31, 2021	Feb 6, 2022	Feb 5, 2023	Feb 4, 2024	Feb 4, 2025	Feb 4, 2026	Jan 31, 2027
Revenue	1.64B	1.68B	2.18B	2.75B	2.83B	3.19B	3.58B	4.11B
Revenue Growth	20.86%	2.48%	29.49%	26.26%	2.80%	12.73%	12.32%	14.70%
EPS	-0.79	-1.05	-0.50	0.23	0.19	1.66	1.89	2.29
EPS Growth	-	-	-	-	-17.30%	791.31%	13.90%	21.09%
Forward PE	-	-	-	-	-	38.79	34.06	28.13
No. Analysts	-	-	-	-	-	24	24	14

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

Revenue Forecast

Revenue	2025	2026	2027
High	3.3B	3.8B	4.5B
Avg	3.2B	3.6B	4.1B
Low	3.0B	3.3B	3.7B

Revenue Growth

Revenue Growth	2025	2026	2027
High	17.3%	19.7%	26.1%
Avg	12.7%	12.3%	14.7%
Low	7.3%	4.0%	3.2%

EPS Forecast

EPS	2025	2026	2027
High	1.88	2.33	3.00
Avg	1.66	1.89	2.29
Low	1.42	1.49	1.73

EPS Growth

EPS Growth	2025	2026	2027
High	909.1%	40.3%	58.8%
Avg	791.3%	13.9%	21.1%
Low	662.4%	-10.3%	-8.6%

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.