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

Analyst price target for PSTG

Based on 10 analysts offering 12 month price targets for Pure Storage Inc.
Min Forecast
$40.00-27.71%
Avg Forecast
$47.40-14.33%
Max Forecast
$55.00-0.6%

Should I buy or sell PSTG stock?

Based on 10 analysts offering ratings for Pure Storage Inc.
Buy
Strong Buy
5 analysts 50%
Buy
2 analysts 20%
Hold
3 analysts 30%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PSTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
lockedlocked$00.00+00.00%2024-02-29
Barclays
Top 4%
97
Strong BuyMaintains$51.00-7.83%2024-02-29
UBS
Top 21%
80
HoldMaintains$44.00-20.48%2024-02-29
Evercore ISI Group
Top 4%
97
BuyMaintains$48.00-13.25%2024-02-23
Raymond James
Top 7%
94
Strong BuyMaintains$42.00-24.09%2023-11-30
Wedbush
Top 2%
99
BuyMaintains$40.00-27.71%2023-11-30

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Forecast return on equity

Is PSTG forecast to generate an efficient return?
Company
N/A
Industry
-60.89%
Market
19.97%

Forecast return on assets

Is PSTG forecast to generate an efficient return on assets?
Company
N/A
Industry
4.91%

PSTG revenue forecast

What is PSTG's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.1B+8.25%
Avg 2 year Forecast
$3.7B+29.07%
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
13.61%
Industry
12.48%
Market
10.46%
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$55.33$47.40-14.33%Buy
STX$97.16$90.27-7.09%Buy
WDC$64.30$60.33-6.17%Strong Buy
LOGI$87.90$94.00+6.94%Buy
NTAP$105.31$98.00-6.94%Hold

Pure Storage Stock Forecast FAQ

Is Pure Storage Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: PSTG) stock is to Buy PSTG stock.

Out of 10 analysts, 5 (50%) are recommending PSTG as a Strong Buy, 2 (20%) are recommending PSTG as a Buy, 3 (30%) 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 revenue growth forecast for 2025-2026?

(NYSE: PSTG) Pure Storage's forecast annual revenue growth rate of 13.61% is forecast to beat the US Computer Hardware industry's average forecast revenue growth rate of 12.48%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.46%.

Pure Storage's revenue in 2024 is $2,851,023,000.On average, 2 Wall Street analysts forecast PSTG's revenue for 2025 to be $975,166,376,133, with the lowest PSTG revenue forecast at $972,460,068,929, and the highest PSTG revenue forecast at $977,872,683,336.

In 2026, PSTG is forecast to generate $1,162,751,540,046 in revenue, with the lowest revenue forecast at $1,105,607,855,549 and the highest revenue forecast at $1,232,894,346,358.

What is PSTG's forecast return on assets (ROA) for 2025-2026?

(NYSE: PSTG) forecast ROA is N/A, which is lower than the forecast US Computer Hardware industry average of 4.91%.

What is PSTG's Price Target?

According to 10 Wall Street analysts that have issued a 1 year PSTG price target, the average PSTG price target is $47.40, with the highest PSTG stock price forecast at $55.00 and the lowest PSTG stock price forecast at $40.00.

On average, Wall Street analysts predict that Pure Storage's share price could fall to $47.40 by Feb 28, 2025. The average Pure Storage stock price prediction forecasts a potential downside of 14.33% from the current PSTG share price of $55.33.

What is PSTG's forecast return on equity (ROE) for 2025-2026?

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