Pure Storage, Inc. (NYSE:PSTG) Receives Average Rating of “Moderate Buy” from Analysts

Pure Storage, Inc. (NYSE:PSTG) has been given an average rating of “Moderate Buy” by the nineteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $94.3158.

A number of analysts have recently weighed in on PSTG shares. Wells Fargo & Company cut their target price on Pure Storage from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen reaffirmed a “buy” rating on shares of Pure Storage in a research note on Wednesday, December 3rd. Piper Sandler reiterated a “buy” rating on shares of Pure Storage in a research note on Thursday. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Pure Storage in a research report on Wednesday, December 3rd. Finally, Susquehanna set a $105.00 price target on shares of Pure Storage in a report on Wednesday, December 3rd.

Pure Storage Stock Down 2.8%

Shares of NYSE:PSTG opened at $64.14 on Tuesday. Pure Storage has a 12-month low of $34.51 and a 12-month high of $100.59. The company’s 50 day moving average price is $70.35 and its two-hundred day moving average price is $77.61. The firm has a market cap of $21.18 billion, a PE ratio of 116.61, a PEG ratio of 5.63 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pure Storage had a net margin of 5.14% and a return on equity of 14.69%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, research analysts expect that Pure Storage will post 0.44 EPS for the current year.

Pure Storage News Summary

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Q4 results and guidance beat expectations — Pure Storage reported its first $1.06B quarter, non-GAAP EPS of $0.69 (beats) and raised FY27 revenue/profit outlook driven by hyperscaler demand. This underpins near-term growth expectations. Read More.
• Positive Sentiment: Rebrand and strategic M&A — The company rebranded as Everpure and signed a deal to acquire data‑intelligence firm 1touch, signaling a move from hardware-centric storage toward data management/AI capabilities that could expand TAM and gross-margin mix over time. Read More.
• Positive Sentiment: Bullish analyst/takeaway coverage — Several bullish pieces argue Everpure is capitalizing on hyperscaler AI demand, price increases and NAND procurement shifts that should protect margins and support FY27 growth (supporting a “buy” thesis). Read More.
• Neutral Sentiment: Investor presentations and management commentary — Transcripts from Susquehanna and Bernstein conferences and the Q4 earnings call provide detail on product positioning, hyperscaler traction and go‑to‑market; useful for modeling but not immediate catalysts. Read More. Read More.
• Negative Sentiment: Analyst/valuation concerns — Some commentary flags supply strains, pricing pressure in segments, and a high valuation (elevated P/E), which can make the stock sensitive to any execution slips. Zacks notes these risks despite the beat. Read More.
• Negative Sentiment: Mixed analyst ratings — Barclays raised its target to $81 (equal weight) while UBS raised its target to $63 but kept a sell rating; the split shows disagreement on whether rebrand/growth justify the current multiple, contributing to intraday selling. Read More. Read More.

Insider Activity at Pure Storage

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $71.31, for a total transaction of $7,131,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ajay Singh sold 7,178 shares of Pure Storage stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the transaction, the insider owned 215,091 shares in the company, valued at approximately $14,441,209.74. The trade was a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Pure Storage by 47.5% in the fourth quarter. Pacer Advisors Inc. now owns 88,668 shares of the technology company’s stock worth $5,942,000 after acquiring an additional 28,571 shares during the last quarter. Sunbelt Securities Inc. increased its position in Pure Storage by 60.8% during the 4th quarter. Sunbelt Securities Inc. now owns 529 shares of the technology company’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. McLaughlin Asset Management Inc. acquired a new position in Pure Storage during the 4th quarter worth approximately $495,000. Invesco Ltd. lifted its stake in Pure Storage by 15.4% in the 4th quarter. Invesco Ltd. now owns 725,535 shares of the technology company’s stock valued at $48,618,000 after purchasing an additional 96,980 shares during the last quarter. Finally, Evansbrook LLC acquired a new stake in Pure Storage in the fourth quarter valued at approximately $340,000. Institutional investors own 83.42% of the company’s stock.

About Pure Storage

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.