Pure Storage Margin To Expand From NAND Pricing Weakness: Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
0mins
Source: Benzinga
Analyst Forecasts for Pure Storage: B of A Securities analyst Wamsi Mohan has revised revenue and EPS estimates for Pure Storage ahead of its earnings release, predicting Q1 fiscal 2026 revenue at $772 million and EPS at 26 cents, slightly above market expectations. Despite a typical seasonal decline, Mohan anticipates a more moderate drop due to ongoing adoption of FlashBlade/E technology.
Market Challenges and Risks: The analyst maintains a Neutral rating with a price forecast of $73, citing potential risks such as economic slowdown, rising competition, and challenges in maintaining software advantages. He also notes that enterprise IT spending may pause in the upcoming quarters due to macroeconomic uncertainties.
Analyst Views on SKYY
Wall Street analysts forecast SKYY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKYY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 120.360
Low
Averages
High
Current: 120.360
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
