PSTG Price Prediction Next Week
Technical Analysis
PSTG closed at $65.07 on Friday with a significant decline of -4.03% during regular trading hours. The stock has formed a bearish pattern with increasing selling pressure.
News Impact
- Pure Storage will report Q4 and full year 2025 earnings on February 26
- Citi maintains a constructive outlook on PSTG with an $80 price target, citing benefits from flash storage momentum and storage-as-a-service in an improving spending environment
- Analysts expect EPS of $0.42 on revenue of $868.94M for the upcoming quarter
Price Forecast for Next Week Based on technical indicators and upcoming earnings:
- Support levels: $64.50, $62.80
- Resistance levels: $67.80, $70.00
Scenarios:
- Bullish Case (40% probability): Strong earnings could push price to $70-72 range
- Bearish Case (30% probability): Poor guidance could drop price to $62-63 range
- Neutral Case (30% probability): Consolidation between $64-68
Trading Recommendation SELL with target price of $62.80 Rationale:
- Bearish technical setup with increasing volume
- High expectations priced in ahead of earnings
- Market sentiment turning cautious on tech stocks
- Stop loss should be placed at $67.80
The stock is likely to face selling pressure early next week ahead of earnings. Traders should be cautious given the heightened volatility expected around the earnings announcement.
PSTG Similar Chart Price Prediction
The price of PSTG is predicted to go up -2.18%, based on the high correlation periods with GAB. The similarity of these two price pattern on the periods is 90.1%.
PSTG
GAB
Down: -2.18%Similarity: 90.1%
PSTG Revenue Forecast
PSTG EPS Forecast
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PSTG Analyst's Forecast
Asiya Merchant
Citigroup
Strong Buy
2025-02-21
Price Target
$75 → $80
Upside
+22.94%
Citi analyst Asiya Merchant raised the firm's price target on Pure Storage to $80 from $75 and keeps a Buy rating on the shares as part of an earnings preview. From a fundamental perspective, overall infrastructure demand indicators remain constructive with supply chain commentary suggesting a broader recovery in infrastructure demand, the analyst tells investors in a research note. The firm says that on artificial intelligence, bullish expectations ahead are offset with near term lumpiness and margin pressures amid chip transitions.
Meta Marshall
Morgan Stanley
Hold
2024-12-17
Price Target
$62 → $72
Upside
+9.49%
Asiya Merchant
Citigroup
Strong Buy
2024-12-04
Price Target
$63 → $75
Upside
+14.77%
