Pure Storage, Inc. (PSTG)
NYSE: PSTG · IEX Real-Time Price · USD
48.65
-3.17 (-6.12%)
Apr 19, 2024, 12:36 PM EDT - Market open
Pure Storage Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for Pure Storage stock have an average target of 50.56, with a low estimate of 34 and a high estimate of 66. The average target predicts an increase of 3.93% from the current stock price of 48.65.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Pure Storage stock from 18 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 3 | 5 | 4 |
| Buy | 9 | 9 | 9 | 9 | 9 | 11 |
| Hold | 2 | 2 | 2 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 15 | 17 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Strong Buy → Buy Downgrades $52 → $63 | Strong Buy → Buy | Downgrades | $52 → $63 | +29.50% | Apr 19, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $45 → $65 | Buy | Maintains | $45 → $65 | +33.61% | Apr 11, 2024 |
| Needham | Needham | Strong Buy Reiterates $66 | Strong Buy | Reiterates | $66 | +35.66% | Apr 11, 2024 |
| Citigroup | Citigroup | Strong Buy Initiates $65 | Strong Buy | Initiates | $65 | +33.61% | Mar 15, 2024 |
| Keybanc | Keybanc | Buy Maintains $55 → $64 | Buy | Maintains | $55 → $64 | +31.55% | Mar 12, 2024 |
Financial Forecast
Revenue This Year
3.19B
from 2.83B
Increased by 12.66%
Revenue Next Year
3.59B
from 3.19B
Increased by 12.70%
EPS This Year
1.59
from 0.19
Increased by 736.37%
EPS Next Year
1.86
from 1.59
Increased by 17.26%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.3B | 4.0B | 4.1B |
| Avg | 3.2B | 3.6B | 3.9B |
| Low | 3.0B | 3.3B | 3.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 17.1% | 24.5% | 15.0% |
| Avg | 12.7% | 12.7% | 8.0% |
| Low | 7.3% | 3.2% | -1.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.77 | 2.26 | 2.15 |
| Avg | 1.59 | 1.86 | 1.99 |
| Low | 1.31 | 1.52 | 1.71 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 833.9% | 42.5% | 15.5% |
| Avg | 736.4% | 17.3% | 6.6% |
| Low | 590.1% | -4.4% | -8.0% |
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.