Pure Storage (PSTG) = Hot Tech Growth + Great Value

We emailed customers a preview of what I loved so much about Pure Storage (PSTG) last week. Here it is once again:

“…another thriving technology company enjoying the boost coming from the AI revolution. This shows up in flying colors from their most recent 52% earnings beat. (meaning they are enjoying the reality of AI….not fantasies or “vapor ware” like most AI companies).  

Amazingly these shares got chopped down in the latest sector rotation out of tech stocks. This gives us a stellar entry price WELL BELOW fair value. 

Steve notes that they have not had an earnings miss in over 5 years. If that tradition continues then he sees this as another 100% winner by the end of 2025.”

If that is not compelling enough, it turns out that they have had over 20 straight earnings beats. This sensational growth trajectory has led to a 7X gain for shares from the 2020 lows. Gladly for us shares are now more than 20% off their highs thanks to the broad market sell off. Yet their future outlook is undiminished. 

The POWR Ratings model is also picking up on this with a Quality score in the top 4% of the 5,300 stocks analyzed. Even better is the top 1% rating for Growth (actually top 0.4%). These are the 2 most important factors pointing to increased likelihood of more impressive earnings reports on the horizon. 

This operational excellence noted above also shows up in the Zen Ratings score of 50…well atop their industry average of 29. 

This fundamental prowess is compelling quite a few top analysts to take notice like John Difucci @ Guggenheim saying $72 is fair value.  Honestly, that is on the low end of targets as there are a pair of top analysts pounding the table that $80 is the rightful destination for shares. (See all analysts forecasts for PSTG here). 

Let’s take advantage of these oversold conditions to add PSTG to our portfolio. If their impressive earnings tradition continues it is not hard seeing a doubling of shares before we close the books on 2025. 

What To Do Next?

Pure Storage (PSTG) is just one of the 12 timely stocks found in my Zen Investor portfolio.

To learn more about my exclusive 4 step process to find more 100%+ stock winners…and to get your hands on the current top 12 recommendations…then all you need to do is click the link below. 

Discover the Zen Investor portfolio > 

Wishing you a world of investment success!

Steve Reitmeister…but everyone calls me Reity (pronounced “Righty”)

Editor of the Zen Investor

Want to get in touch? Email us at news@wallstreetzen.com.