tiprankstipranks
Pure Storage (PSTG)
NYSE:PSTG

Pure Storage Stock Forecast & Price Target

1,429 Followers
See the Price Targets and Ratings of:

Analyst Rating Consensus

Strong Buy
14Ratings
11 Buy
3 Hold
0 Sell
Based on 14 analysts giving stock ratings to
Pure
Storage
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

PSTG Stock Price Prediction

Average Price Target

$39.50
▲(44.90% Upside)
Based on 14 Wall Street analysts offering 12 month price targets for Pure Storage in the last 3 months. The average price target is $39.50 with a high forecast of $47.00 and a low forecast of $33.00. The average price target represents a 44.90% change from the last price of $27.26.
Highest Price Target$47.00Average Price Target$39.50Lowest Price Target$33.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Upgrade Banner
J.P. Morgan
$43.00
Buy
57.74%
Upside
Reiterated
J.P. Morgan Remains a Buy on Pure Storage (PSTG)
KeyBanc
$39.00
Buy
43.07%
Upside
Reiterated
Pure Storage price target raised to $39 from $34 at KeyBancPure Storage price target raised to $39 from $34 at KeyBanc
Susquehanna
$40.00
Buy
46.74%
Upside
Reiterated
Susquehanna Sticks to Their Buy Rating for Pure Storage (PSTG)
Evercore ISI
$38.00
Buy
39.40%
Upside
Reiterated
Pure Storage (PSTG) PT Raised to $38 at Evercore ISIEvercore ISI analyst Amit Daryanani raised the price target on Pure Storage (NYSE: PSTG) to $38.00 (from $33.00) while maintaining a Outperform rating.
Stifel Nicolaus
Buy
Reiterated
Pure Storage (PSTG) Up 10% as Guidance Comes Ahead of Expectations, Analysts Bulled-upPure continues to gain share among large enterprise customers, and is now engaged with 54% of F500 customers. Management believes customers increasing focus on sustainability, lower power consumption and reducing waste is a key reason it is gaining share, given Pures best-in-class hardware and software solutions, Sheerin wrote in a note.
Stocks with the Highest Top Analyst Consensus in the Technology Sector
USERUserTesting
BRZEBraze
ATOGFAUTO1 Group SE
INFAInformatica
INTAIntapp
Find stocks in the Technology sector that are highly recommended by Top Performing Analysts.

PSTG Stock Forecast FAQ

What is PSTG’s average 12-month price target, according to analysts?
Based on analyst ratings, Pure Storage’s 12-month average price target is $39.50.
    What is PSTG’s upside potential, based on the analysts’ average price target?
    Pure Storage has 44.90% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is PSTG a Buy, Sell or Hold?
          Pure Storage has a conensus rating of Strong Buy which is based on 11 buy ratings, 3 hold ratings and 0 sell ratings.
            What is Pure Storage’s price target?
            The average price target for Pure Storage is $39.50. This is based on 14 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $47.00 ,the lowest forecast is $33.00. The average price target represents 44.90% Increase from the current price of $27.26.
              What do analysts say about Pure Storage?
              Pure Storage’s analyst rating consensus is a ‘Strong Buy. This is based on the ratings of 14 Wall Streets Analysts.

                What's Included in PREMIUM?
                Make informed decisions based on Top Analysts' activity
                Know what industry insiders are buying
                Get actionable alerts from top Wall Street Analysts
                Find out before anyone else which stock is going to shoot up
                Get powerful stock screeners & detailed portfolio analysis