PSTG

Pure Storage Inc

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Advanced Chart

59.370

-0.03(-0.051%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

60.490

Open

60.000

VWAP

Vol

2.02M

Mkt Cap

19.40B

Low

57.830

Amount

EV/EBITDA(TTM)

79.59

Total Shares

325.23M

17.94B

EV/OCF(TTM)

21.98

P/S(TTM)

6.19

Pure Storage, Inc. is a data management and storage company. The Company is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data at scale and across any data workloads in on premises, cloud and hosted environments and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include Evergreen Architecture, FlashArray, and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage, Portworx Data Services, Cloud Block Store, Evergreen//One, and Evergreen//Flex. Its Pure Software includes Purity, Pure1, and Pure Fusion. Its Pure1 is a cloud-based data storage management plane, brings the convenience of cloud storage to on premises storage. The Company sells its products and subscription services using a direct sales force and its channel partners.

18 Analyst Rating

21.91% Upside

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 72.38 USD with a low forecast of 57.00 USD and a high forecast of 93.00 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.

14 Buy

4 Hold

0 Sell

Strong Buy

21.91% Upside

Current: 59.370

Low

57.00

Averages

72.38

High

93.00

21.91% Upside

Current: 59.370

Low

57.00

Averages

72.38

High

93.00

Barclays

Equal Weight

downgrade

$61 -> $57

2025-05-29

Reason

Barclays

Price Target

$61 -> $57

2025-05-29

downgrade

Equal Weight

Reason

Barclays lowered the firm's price target on Pure Storage to $57 from $61 and keeps an Equal Weight rating on the shares. The company's product gross margins came in ahead of expectations and its fiscal 2026 guidance was held, despite the slight beat in the quarter, the analyst tells investors in a research note. The firm says Pure Storage is absorbing incremental tariff costs within its Evergreen//One businesses.

BofA

Neutral

maintain

$73 -> $76

2025-05-29

Reason

BofA

Price Target

$73 -> $76

2025-05-29

maintain

Neutral

Reason

BofA raised the firm's price target on Pure Storage to $76 from $73 and keeps a Neutral rating on the shares. Pure reported a beat on revenue and EPS, but operating margins remained under pressure, the analyst tells investors in a post-earnings note. FY26 revenue and operating margin guidance was unchanged despite a beat in Q1 and slightly higher revenue outlook for Q2 given macro uncertainty, the analyst added.

JPMorgan

Overweight

downgrade

$75 -> $70

2025-05-29

Reason

JPMorgan

Price Target

$75 -> $70

2025-05-29

downgrade

Overweight

Reason

Morgan Stanley

Equal Weight

upgrade

$40 -> $62

2025-05-20

Reason

Morgan Stanley

Price Target

$40 -> $62

2025-05-20

upgrade

Equal Weight

Reason

Citi

Asiya Merchant

Buy

maintain

$55 -> $65

2025-05-16

Reason

Citi

Asiya Merchant

Price Target

$55 -> $65

2025-05-16

maintain

Buy

Reason

Citi analyst Asiya Merchant raised the firm's price target on Pure Storage to $65 from $55 and keeps a Buy rating on the shares as part of an earnings preview for the North America hardware group. The firm increased estimates slightly to reflect upside revision to Citi's U.S. real GDP growth forecast and first half of the year PC pull forward. Looking ahead, Citi continues to see fundamental pressures on enterprise capex spending as long as tariff uncertainty looms. The analyst thinks the companies could see pushouts and lengthening sales cycles amid rising economic uncertainty and weakening business sentiment.

Citigroup

Asiya Merchant

Strong Buy

Maintains

$77 → $55

2025-04-14

Reason

Citigroup

Asiya Merchant

Price Target

$77 → $55

2025-04-14

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Pure Storage Inc (PSTG.N) is 30.97, compared to its 5-year average forward P/E of 45.32. For a more detailed relative valuation and DCF analysis to assess Pure Storage Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

45.32

Current PE

30.97

Overvalued PE

87.72

Undervalued PE

2.92

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

22.50

Current EV/EBITDA

22.46

Overvalued EV/EBITDA

30.72

Undervalued EV/EBITDA

14.28

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

3.76

Current PS

5.19

Overvalued PS

4.94

Undervalued PS

2.58