Pure Storage Inc
NYSE:PSTG

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Pure Storage Inc
NYSE:PSTG
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Price: 69.73 USD 5.17% Market Closed
Market Cap: 22.7B USD
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Wall Street
Price Targets

PSTG Price Targets Summary
Pure Storage Inc

Wall Street analysts forecast PSTG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PSTG is 72.73 USD with a low forecast of 47.47 USD and a high forecast of 97.65 USD.

Lowest
Price Target
47.47 USD
32% Downside
Average
Price Target
72.73 USD
4% Upside
Highest
Price Target
97.65 USD
40% Upside

PSTG Last Price Targets
Pure Storage Inc

The latest public price target was made on Oct 17, 2024 by Howard Ma from Guggenheim , who expects PSTG stock to rise by 33% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Howard Ma
Guggenheim
93 USD
Upside 33%
3 months ago
Oct 17, 2024
Pure Storage (PSTG) PT Raised to $93 at Guggenheim, 'Designating as Best Idea'
StreetInsider
James Fish
Piper Sandler
56 USD
Downside 20%
4 months ago
Aug 29, 2024
Pure Storage price target lowered to $56 from $60 at Piper Sandler
TheFly
Simon Leopold
Raymond James
70 USD
Upside 0%
4 months ago
Aug 29, 2024
Pure Storage price target lowered to $70 from $73 at Raymond James
TheFly
Asiya Merchant
Citigroup
67 USD
Downside 4%
4 months ago
Aug 29, 2024
Pure Storage price target lowered to $67 from $75 at Citi
TheFly
James Fish
Piper Sandler
60 USD
Downside 14%
5 months ago
Aug 19, 2024
Pure Storage initiated with a Neutral at Piper Sandler
TheFly
Aaron Rakers
Wells Fargo
75 USD
Upside 8%
7 months ago
Jun 21, 2024
Wells Fargo Reiterates Overweight Rating on Pure Storage (PSTG)
StreetInsider
Meta Marshall
Morgan Stanley
60 USD
Downside 14%
7 months ago
Jun 12, 2024
Morgan Stanley Downgrades Pure Storage (PSTG) to Equalweight
StreetInsider
Mike Cikos
Needham
80 USD
Upside 15%
7 months ago
May 30, 2024
Pure Storage (PSTG) PT Raised to $80 at Needham
StreetInsider
Tim Long
Barclays
56 USD
Downside 20%
7 months ago
May 30, 2024
Pure Storage price target raised to $56 from $51 at Barclays
TheFly
Mehdi Hosseini
Susquehanna
75 USD
Upside 8%
7 months ago
May 30, 2024
Pure Storage (PSTG) PT Raised to $75 at Susquehanna
StreetInsider
Steve Enders
KeyBanc
79 USD
Upside 13%
7 months ago
May 30, 2024
Pure Storage (PSTG) PT Raised to $79 at KeyBanc
StreetInsider
Matthew Sheerin
Stifel Nicolaus
65 USD
Downside 7%
7 months ago
May 30, 2024
Pure Storage (PSTG) PT Raised to $65 at Stifel
StreetInsider
Eric Martinuzzi
Loop Capital Markets
70 USD
Upside 0%
7 months ago
May 30, 2024
Pure Storage (PSTG) PT Raised to $70 at Lake Street Capital Markets
StreetInsider
Amit Daryanani
Evercore ISI
65 USD
Downside 7%
7 months ago
May 23, 2024
Pure Storage price target raised to $65 from $60 at Evercore ISI
TheFly
Tim Long
Barclays
51 USD
Downside 27%
8 months ago
May 21, 2024
Barclays Downgrades Pure Storage (PSTG) to Equalweight
StreetInsider
Unknown Analyst
Evercore ISI
60 USD
Downside 14%
9 months ago
Apr 2, 2024
Pure Storage (PSTG) PT Raised to $60 at Evercore ISI
StreetInsider
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Howard Ma
Guggenheim
Price Target 93 USD
Upside/Downside 33%
View Source
James Fish
Piper Sandler
Price Target 56 USD
Upside/Downside 20%
View Source
Simon Leopold
Raymond James
Price Target 70 USD
Upside/Downside 0%
View Source
Asiya Merchant
Citigroup
Price Target 67 USD
Upside/Downside 4%
View Source
James Fish
Piper Sandler
Price Target 60 USD
Upside/Downside 14%
View Source
Aaron Rakers
Wells Fargo
Price Target 75 USD
Upside/Downside 8%
View Source
Meta Marshall
Morgan Stanley
Price Target 60 USD
Upside/Downside 14%
View Source
Mike Cikos
Needham
Price Target 80 USD
Upside/Downside 15%
View Source
Tim Long
Barclays
Price Target 56 USD
Upside/Downside 20%
View Source
Mehdi Hosseini
Susquehanna
Price Target 75 USD
Upside/Downside 8%
View Source
Steve Enders
KeyBanc
Price Target 79 USD
Upside/Downside 13%
View Source
Matthew Sheerin
Stifel Nicolaus
Price Target 65 USD
Upside/Downside 7%
View Source
Eric Martinuzzi
Loop Capital Markets
Price Target 70 USD
Upside/Downside 0%
View Source
Amit Daryanani
Evercore ISI
Price Target 65 USD
Upside/Downside 7%
View Source
Tim Long
Barclays
Price Target 51 USD
Upside/Downside 27%
View Source
Unknown Analyst
Evercore ISI
Price Target 60 USD
Upside/Downside 14%
View Source
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Revenue
Forecast

Revenue Estimate
Pure Storage Inc

For the last 8 years the compound annual growth rate for Pure Storage Inc's revenue is 26%. The projected CAGR for the next 3 years is 13%.

26%
Past Growth
13%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Pure Storage Inc

The compound annual growth rate of Pure Storage Inc's operating income for the next 3 years is 111%.

N/A
Past Growth
111%
Estimated Growth
Estimates Accuracy
N/A
Average

Net Income
Forecast

Net Income Estimate
Pure Storage Inc

The compound annual growth rate of Pure Storage Inc's net income for the next 3 years is 130%.

N/A
Past Growth
130%
Estimated Growth
Estimates Accuracy
N/A
Average
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PSTG's stock price target?
Price Target
72.73 USD

According to Wall Street analysts, the average 1-year price target for PSTG is 72.73 USD with a low forecast of 47.47 USD and a high forecast of 97.65 USD.

What is Pure Storage Inc's Revenue forecast?
Projected CAGR
13%

For the last 8 years the compound annual growth rate for Pure Storage Inc's revenue is 26%. The projected CAGR for the next 3 years is 13%.

What is Pure Storage Inc's Operating Income forecast?
Projected CAGR
111%

The compound annual growth rate of Pure Storage Inc's operating income for the next 3 years is 111%.

What is Pure Storage Inc's Net Income forecast?
Projected CAGR
130%

The compound annual growth rate of Pure Storage Inc's net income for the next 3 years is 130%.

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