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NYSE: PSTG
Pure Storage Inc Stock Forecast, Predictions & Price Target

Analyst price target for PSTG

Based on 15 analysts offering 12 month price targets for Pure Storage Inc.
Min Forecast
$27.00+11.94%
Avg Forecast
$35.80+48.42%
Max Forecast
$44.00+82.42%

Should I buy or sell PSTG stock?

Based on 15 analysts offering ratings for Pure Storage Inc.
Strong Buy
Strong Buy
8 analysts 53.33%
Buy
4 analysts 26.67%
Hold
3 analysts 20%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PSTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
JP Morgan
Bottom 14%
14
Strong BuyMaintains$35.00+42.86%2023-03-02
Barclays
Top 10%
91
Strong BuyMaintains$37.00+51.02%2023-03-02
Deutsche Bank
Top 1%
100
Strong BuyMaintains$32.00+30.61%2023-03-02
UBS
Bottom 26%
26
HoldMaintains$31.00+26.53%2023-03-02
Raymond James
Bottom 3%
3
Strong BuyMaintains$43.00+75.51%2023-03-02
Wells Fargo
Top 2%
99
Strong BuyMaintains$37.00+51.02%2023-03-02
TD Cowen
Top 10%
91
BuyMaintains$31.00+26.53%2023-03-02
Credit Suisse
Bottom 15%
15
BuyReiterates$40.00+63.27%2023-03-02
Morgan Stanley
Top 4%
97
Strong BuyMaintains$34.00+38.78%2023-03-02
KeyBanc
Bottom 11%
11
Strong BuyMaintains$35.00+42.86%2023-03-02

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Forecast return on equity

Is PSTG forecast to generate an efficient return?
Company
N/A
Industry
-199.42%
Market
28.66%

Forecast return on assets

Is PSTG forecast to generate an efficient return on assets?
Company
N/A
Industry
14.21%

PSTG earnings per share forecast

What is PSTG's earnings per share in the next 2 years based on estimates from 9 analysts?
Avg 1 year Forecast
-$0.04-166.67%
Avg 2 year Forecast
-$0.41-783.33%

PSTG revenue forecast

What is PSTG's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$3.1B+16.23%
Avg 2 year Forecast
$3.3B+24.34%
Avg 3 year Forecast
$5.8B+119.85%
PSTG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PSTG revenue growth forecast

How is PSTG forecast to perform vs Computer Hardware companies and vs the US market?
Company
30.03%
Industry
11.31%
Market
8.77%
PSTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PSTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PSTG vs Computer Hardware Stocks

TickerPricePrice TargetUp/downsideConsensus
PSTG$24.50$35.80+46.12%Strong Buy
LOGI$53.10$55.00+3.58%Buy
SMCI$112.54$98.33-12.62%Hold
WDC$34.70$49.94+43.92%Buy
STX$60.52$73.05+20.70%Buy

Pure Storage Stock Forecast FAQ

Is Pure Storage Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: PSTG) stock is to Strong Buy PSTG stock.

Out of 15 analysts, 8 (53.33%) are recommending PSTG as a Strong Buy, 4 (26.67%) are recommending PSTG as a Buy, 3 (20%) are recommending PSTG as a Hold, 0 (0%) are recommending PSTG as a Sell, and 0 (0%) are recommending PSTG as a Strong Sell.

If you're new to stock investing, here's how to buy Pure Storage stock.

What is PSTG's earnings growth forecast for 2024-2025?

(NYSE: PSTG) Pure Storage's forecast annual earnings growth rate of N/A is not forecast to beat the US Computer Hardware industry's average forecast earnings growth rate of 37.06%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.49%.

Pure Storage's earnings in 2023 is $13,543,000.On average, 9 Wall Street analysts forecast PSTG's earnings for 2024 to be -$12,103,425, with the lowest PSTG earnings forecast at -$145,241,104, and the highest PSTG earnings forecast at $69,594,696.

In 2025, PSTG is forecast to generate -$124,060,110 in earnings, with the lowest earnings forecast at -$124,060,110 and the highest earnings forecast at -$124,060,110.

What is PSTG's revenue growth forecast for 2024-2026?

(NYSE: PSTG) Pure Storage's forecast annual revenue growth rate of 30.03% is forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of 11.31%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.77%.

Pure Storage's revenue in 2023 is $2,651,797,000.On average, 9 Wall Street analysts forecast PSTG's revenue for 2024 to be $932,607,651,867, with the lowest PSTG revenue forecast at $888,028,315,728, and the highest PSTG revenue forecast at $981,890,379,085. On average, 1 Wall Street analysts forecast PSTG's revenue for 2025 to be $997,721,659,404, with the lowest PSTG revenue forecast at $997,721,659,404, and the highest PSTG revenue forecast at $997,721,659,404.

In 2026, PSTG is forecast to generate $1,764,074,240,390 in revenue, with the lowest revenue forecast at $1,764,074,240,390 and the highest revenue forecast at $1,764,074,240,390.

What is PSTG's forecast return on assets (ROA) for 2024-2026?

(NYSE: PSTG) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 14.21%.

What is PSTG's Price Target?

According to 15 Wall Street analysts that have issued a 1 year PSTG price target, the average PSTG price target is $35.80, with the highest PSTG stock price forecast at $44.00 and the lowest PSTG stock price forecast at $27.00.

On average, Wall Street analysts predict that Pure Storage's share price could reach $35.80 by Mar 2, 2024. The average Pure Storage stock price prediction forecasts a potential upside of 46.12% from the current PSTG share price of $24.50.

What is PSTG's Earnings Per Share (EPS) forecast for 2024-2025?

(NYSE: PSTG) Pure Storage's current Earnings Per Share (EPS) is $0.06. On average, analysts forecast that PSTG's EPS will be -$0.04 for 2024, with the lowest EPS forecast at -$0.48, and the highest EPS forecast at $0.23. In 2025, PSTG's EPS is forecast to hit -$0.41 (min: -$0.41, max: -$0.41).

What is PSTG's forecast return on equity (ROE) for 2024-2026?

(NYSE: PSTG) forecast ROE is N/A, which is considered weak.
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