
Pure Storage (PSTG) Stock Forecast & Price Target
Pure Storage (PSTG) Analyst Ratings
Bulls say
Pure Storage Inc. is well-positioned for durable revenue growth and increased market share due to its expanding product portfolio and innovative roadmap, supported by its Purity software. The company’s Evergreen subscriptions are poised to enhance its economic model, improving customer lifetime value and contributing to a more robust pipeline of strategic opportunities. Additionally, ongoing discussions with hyperscalers and emerging cloud entities signal a strong potential for customer acquisition, further bolstering the company's optimistic financial outlook.
Bears say
Pure Storage exhibits signs of potential financial distress primarily due to anticipated declines in key revenue metrics, including Subscription Services ARR and Gross Margin, which may negatively impact investor sentiment. Additionally, the company's core enterprise storage business faces significant downside risks, including demand slowdowns, market share losses to competitors, and unfulfilled revenue contributions from hyperscale partners. The current economic environment poses further challenges, as it could strain IT budgets and apply additional pressure on pricing and demand for Pure Storage's offerings.
This aggregate rating is based on analysts' research of Pure Storage and is not a guaranteed prediction by Public.com or investment advice.
Pure Storage (PSTG) Analyst Forecast & Price Prediction
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