How to Buy Pure Storage Stock
Pure Storage Inc
Pure Storage is a computer hardware company located in California, United States, which is part of the Technology sector, and is traded under the ticker PSTG on the NYSE exchange.
Pure Storage stock last closed at $52.99, up 0.19% from the previous day, and has increased 39.7% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.13 percentage points. Pure Storage stock is currently +66.69% from its 52-week low of $31.79, and -24.74% from its 52-week high of $70.41.
There are currently 327.69M PSTG shares outstanding. The market cap of PSTG is $17.36B. In the past 24 hours, 1.01M PSTG shares were traded.
How to Buy Pure Storage Stock
Not sure how to invest in Pure Storage stock? Here's how.
- Figure out where to buy Pure Storage stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Pure Storage stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your information.
- Research Pure Storage stock: The Pure Storage ticker symbol is PSTG. Is Pure Storage stock a good investment? Should you buy shares of PSTG? How do PSTG's underlying business fundamentals look? Do top analysts think Pure Storage is a good buy? Why has PSTG's stock price moved recently? (Hint: Our stock analysis website can help you decide if PSTG is a good stock to buy).
- Make your PSTG buy order: Decide if you will purchase PSTG shares at the current market price or use a limit order to purchase PSTG shares at a particular price.
- Keep tabs on your investment in PSTG: Create a watchlist to watch your investment in Pure Storage shares.
Step 1: Figure out where to buy Pure Storage stock
You need an online brokerage account in order to access the NYSE market and buy PSTG shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you can buy PSTG today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on stock market apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your new investment account.
Step 4: Research Pure Storage stock
Once you have chosen the best place to buy Pure Storage stock, it's very important to evaluate their stock before you buy, so you actually comprehend the risk as well as the upside.
Overview of key PSTG info
Pure Storage Overview
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on PSTG's stock page.
What is the fair value of PSTG stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PSTG's true value.
Using relative valuations measures:
- PSTG may be overvalued based on its P/E ratio of 123.23x, relative to Computer Hardware industry P/E ratio of 35.95x
- PSTG may be undervalued based on its P/B ratio of 11.95x, relative to Computer Hardware industry P/B ratio of 13.1x
- PSTG could be overvalued based on its PEG ratio of 4.87x
You can access additional valuation research on PSTG's stock here.
PSTG Financial Health Summary
Signs that PSTG is financially healthy:
- PSTG's operating cash flow of $850.95M allows it to safely service it's debt of $278.25M.
- PSTG profit margin has gone up from 0.6% to 4.5% in the past year.
- There are more short-term assets than long-term liabilities on the PSTG balance sheet.
- Total PSTG debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the PSTG balance sheet.
- PSTG earnings of $166.83M is not sufficient to cover its interest payments.
Signs that PSTG is not financially healthy:
- PSTG has a relatively high debt to equity ratio of 1.6.
Do Wall Street analysts think it's a good time to buy Pure Storage stock
Out of 15 sell side analysts who give forecasts on PSTG, the consensus analyst rating on Pure Storage is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PSTG Analyst Ratings
Krish Sankar, a top 8% analyst from TD Cowen maintains PSTG with a strong buy rating and lowers their PSTG price target from $80.00 to $70.00, on Aug 29, 2024.
Matthew Sheerin, a top 12% analyst from Stifel Nicolaus maintains PSTG with a hold rating and lowers their PSTG price target from $65.00 to $60.00, on Aug 29, 2024.
Amit Daryanani, a top 3% analyst from Evercore ISI Group maintains PSTG with a buy rating and lowers their PSTG price target from $75.00 to $70.00, on Aug 29, 2024.
Simon Leopold, a top 8% analyst from Raymond James maintains PSTG with a buy rating and lowers their PSTG price target from $73.00 to $70.00, on Aug 29, 2024.
David Vogt, a top 22% analyst from UBS maintains PSTG with a strong sell rating and lowers their PSTG price target from $47.00 to $45.00, on Aug 29, 2024.
UBS's David Vogt lowered their price target on Pure Storage (NYSE: PSTG) by 4.3% from $47 to $45 on 2024/08/29. The analyst maintained their Strong Sell rating on the stock.
Pure Storage reported its Q2 2025 earnings on 2024/08/28.
Vogt explained their price target move succinctly, saying "contract value sales disappointed, and Pure Storage's product growth remains challenged.
Earnings Report
For Q2 2025, Pure Storage reported:
- EPS of $0.44, which beat the Zacks Consensus Estimate by 15.8% and Q2 2024's $0.34 by 29.4%.
- Revenue of $763.77M, which beat the Zacks Consensus Estimate by 1% and Q2 2024's $688.67M by 10.9%.
Management guided:
For Q3 2025:
- Revenue of $815M.
For FY 2025:
- Revenue of $3.1B.
Chairman & CEO Charles Giancarlo commented: "In a world where energy demands are soaring, the power savings of Pure Storage alone make the move from hard disks to Pure technology a smart choice for both hyperscaler and enterprise data centers.
"Businesses can grow their data storage and reduce their energy footprint with Pure Storage on a platform that eliminates existing data silos and simplifies customers' data centers with guaranteed service-level agreements."
You can dive deeper into what analysts are forecasting on the Pure Storage stock forecast page.
PSTG Technicals
Is PSTG Growing Revenue?
Last year, PSTG earnings were $136.49M. Over the last one years, PSTG's earnings have increased by 616.67% per year. This was faster than the Computer Hardware industry average of 33.33%.
Last year, PSTG revenue was $3.01B. Over the last five year, PSTG's revenue has increased by 14.67% per year. This was slower than the Computer Hardware industry average of 18.32%.
Dive into PSTG's earnings and revenue performance here.
What are PSTG executives and large shareholders up to?
Over the past year, insiders at PSTG have sold more shares than they have bought.
John Colgrove, Chief Visionary Officer of PSTG, was the latest PSTG insider to sell. They sold $2,689,968.16 worth of PSTG stock on Nov 19, 2024.
Research more about who owns PSTG stock here.
Does PSTG provide a stable income stream?
No, Pure Storage doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your PSTG buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place your order.
If you require more info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in PSTG
Now that you own some PSTG shares, you'll want to stay up-to-date on your new shares.
Start a watchlist to monitor your PSTG stock.
PSTG Feed
How to Buy Stock in Pure Storage
To summarize, here are the 6 steps to buy Pure Storage stock:
- Figure out where to buy Pure Storage stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Pure Storage stock
- Make your PSTG buy order
- Keep tabs on your investment in PSTG
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest news on your investment in Pure Storage, create your watchlist below.
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