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PSTG

Pure Storage (PSTG) Stock Forecast & Price Target

Pure Storage (PSTG) Analyst Ratings

Based on 17 analyst ratings
Buy
Strong Buy 24%
Buy 41%
Hold 29%
Sell 0%
Strong Sell 6%

Bulls say

Pure Storage Inc. demonstrated a strong financial performance with remaining performance obligations totaling $2.94 billion, reflecting a 24% year-over-year growth, indicating robust demand for its subscription services. The company reported a revenue of $964.5 million for the latest quarter, marking a 16% increase year-over-year and exceeding management's guidance and consensus estimates. Additionally, with deferred revenues rising to $1.96 billion, up 2.5% quarter-over-quarter, there is significant potential for sustained revenue growth and improved operating margins in the foreseeable future.

Bears say

Pure Storage faces significant challenges due to greater-than-expected declines in NAND pricing, which resulted in revenue underperformance relative to guidance in recent quarters. The company's subscription offerings, while having a ratable nature, may hinder revenue growth due to mismatches in revenue recognition against rising expenses, compounded by a potential shift of enterprise customers towards cloud solutions, which stagnates traditional enterprise storage sales. Additionally, external factors such as U.S.-China tensions may create supply chain disruptions, while a stagnant economic backdrop could further pressure IT budgets, ultimately impacting Pure Storage's revenues and profitability.

Pure Storage (PSTG) has been analyzed by 17 analysts, with a consensus rating of Buy. 24% of analysts recommend a Strong Buy, 41% recommend Buy, 29% suggest Holding, 0% advise Selling, and 6% predict a Strong Sell.

This aggregate rating is based on analysts' research of Pure Storage and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Pure Storage (PSTG) Forecast

Analysts have given Pure Storage (PSTG) a Buy based on their latest research and market trends.

According to 17 analysts, Pure Storage (PSTG) has a Buy consensus rating as of Jan 28, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $93.35, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $93.35, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Pure Storage (PSTG)


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