Pure Storage (NYSE:PSTG) Stock Price Expected to Rise, Barclays Analyst Says

Pure Storage (NYSE:PSTG) had its price target increased by stock analysts at Barclays from $77.00 to $81.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 30.70% from the stock’s previous close.

Several other research analysts have also commented on the company. Northland Securities set a $77.00 price objective on Pure Storage in a research report on Wednesday, December 3rd. Tigress Financial set a $105.00 target price on Pure Storage in a report on Wednesday, December 3rd. UBS Group boosted their price target on Pure Storage from $55.00 to $60.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. Morgan Stanley set a $83.00 price objective on shares of Pure Storage in a research report on Wednesday, December 3rd. Finally, Oppenheimer started coverage on shares of Pure Storage in a research note on Monday, November 17th. They set an “outperform” rating and a $120.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.16.

Pure Storage Price Performance

PSTG stock traded down $11.59 during midday trading on Thursday, reaching $61.97. 2,796,623 shares of the company’s stock traded hands, compared to its average volume of 3,669,673. Pure Storage has a fifty-two week low of $34.51 and a fifty-two week high of $100.59. The business has a 50-day moving average price of $70.47 and a two-hundred day moving average price of $77.52. The company has a market capitalization of $20.46 billion, a P/E ratio of 161.89, a PEG ratio of 5.94 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last issued its earnings results on Tuesday, December 2nd. The technology company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $964.45 million for the quarter, compared to the consensus estimate of $955.60 million. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS. As a group, research analysts forecast that Pure Storage will post 0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pure Storage news, insider John Colgrove sold 100,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $71.31, for a total transaction of $7,131,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total transaction of $481,930.92. Following the transaction, the insider directly owned 215,091 shares of the company’s stock, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pure Storage

Several large investors have recently modified their holdings of PSTG. Westfield Capital Management Co. LP grew its position in shares of Pure Storage by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the technology company’s stock worth $146,798,000 after acquiring an additional 717,834 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Pure Storage by 96.3% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the technology company’s stock worth $2,612,000 after purchasing an additional 15,286 shares during the last quarter. AlTi Global Inc. bought a new position in Pure Storage during the third quarter worth $2,517,000. Merit Financial Group LLC boosted its holdings in Pure Storage by 145.6% in the third quarter. Merit Financial Group LLC now owns 25,943 shares of the technology company’s stock worth $2,174,000 after purchasing an additional 15,382 shares during the period. Finally, Oak Thistle LLC bought a new stake in Pure Storage during the third quarter valued at $1,653,000. Institutional investors own 83.42% of the company’s stock.

Trending Headlines about Pure Storage

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

• Positive Sentiment: Q4 beat — Everpure (formerly Pure Storage) reported record quarterly revenue of about $1.06B and adjusted EPS of $0.69, above consensus; sales rose ~20% year-over-year, signaling continued demand strength. Pure Storage’s Q4 Sales Top Estimates
• Positive Sentiment: Upside guidance — Q1 revenue guidance of roughly $990M–$1.0B sits well above Street expectations (midpoint materially higher), and FY revenue guidance was maintained/raised near $4.3–4.4B, reducing near-term earnings uncertainty. Pure Storage’s Q4 Sales Top Estimates
• Positive Sentiment: Strategic rebrand and M&A — Management rebranded Pure Storage to “Everpure” and agreed to acquire data-intelligence firm 1touch to add data discovery, semantic context and security capabilities — a pivot from hardware-centric storage toward software/AI-enabled data management that can expand addressable market and margins over time. Everpure Rebrand And 1touch Deal Shift Story Toward Data Intelligence
• Positive Sentiment: Strong backlog/RPO and full-year growth — Full FY26 revenue exceeded $3.6B and Q4 remaining performance obligations (RPO) grew over 40% YoY, supporting forward revenue visibility. Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results
• Neutral Sentiment: Analyst reaction — Wedbush reiterated an Outperform rating, which supports the positive narrative but doesn’t materially change near-term fundamentals. Wedbush Reiterates Outperform Rating for Pure Storage
• Neutral Sentiment: Read the call/details — The earnings call transcript and slide deck are available for investors who want the management roadmap, product strategy and 1touch integration details. Everpure (PSTG) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Valuation and execution risk — The shares trade at a rich multiple (high P/E and PEG), so expectations are elevated; the rebrand and 1touch deal introduce integration execution risk and will need to deliver measurable revenue/margin upside to justify the valuation.

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.