9 Analysts Assess Pure Storage: What You Need To Know
Across the recent three months, 9 analysts have shared their insights on Pure Storage (NYSE:PSTG), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 2 | 2 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 2 | 2 | 0 | 1 |
Analysts have set 12-month price targets for Pure Storage, revealing an average target of $92.11, a high estimate of $105.00, and a low estimate of $60.00. This upward trend is apparent, with the current average reflecting a 1.1% increase from the previous average price target of $91.11.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Pure Storage. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Asiya Merchant | Citigroup | Lowers | Buy | $90.00 | $105.00 |
| Asiya Merchant | Citigroup | Lowers | Buy | $105.00 | $110.00 |
| Eric Martinuzzi | Lake Street | Raises | Buy | $92.00 | $80.00 |
| Tim Long | Barclays | Raises | Equal-Weight | $77.00 | $70.00 |
| Matt Bryson | Wedbush | Raises | Outperform | $100.00 | $90.00 |
| Samik Chatterjee | JP Morgan | Lowers | Overweight | $105.00 | $110.00 |
| Mehdi Hosseini | Susquehanna | Maintains | Neutral | $100.00 | $100.00 |
| David Vogt | UBS | Raises | Sell | $60.00 | $55.00 |
| Mike Cikos | Needham | Maintains | Buy | $100.00 | $100.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Pure Storage. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Pure Storage compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Pure Storage's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Pure Storage's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Pure Storage analyst ratings.
Delving into Pure Storage's Background
Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue, which includes the sale of integrated storage hardware and embedded operating system software; and subscription services revenue, which includes Evergreen Storage subscriptions, a unified subscription that includes Pure as-a-Service, Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.
Key Indicators: Pure Storage's Financial Health
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3M period, Pure Storage showcased positive performance, achieving a revenue growth rate of 16.05% as of 31 October, 2025. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Pure Storage's net margin excels beyond industry benchmarks, reaching 5.68%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Pure Storage's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.03%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Pure Storage's ROA stands out, surpassing industry averages. With an impressive ROA of 1.33%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Pure Storage's debt-to-equity ratio is below the industry average. With a ratio of 0.16, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.