Based on the Pure Storage Inc stock forecast from 20 analysts, the average analyst target price for Pure Storage Inc is USD 68.68 over the next 12 months. Pure Storage Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Pure Storage Inc is Slightly Bullish , which is based on 7 positive signals and 5 negative signals. At the last closing, Pure Storage Inc’s stock price was USD 51.56. Pure Storage Inc’s stock price has changed by +3.47% over the past week, -10.42% over the past month and +40.95% over the last year.
No recent analyst target price found for Pure Storage Inc
No recent average analyst rating found for Pure Storage Inc
Company Overview Pure Storage Inc
Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California. Read Less
Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reductio...Read More
Frequently Asked Questions About Pure Storage Inc (PSTG) Stock
Based on ratings from 20 analysts Pure Storage Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 29 buy, 2 sell and 10 hold ratings.
Unfortunately we do not have enough data on PSTG's stock to indicate if its a good dividend stock.
Based on targets from 20 analysts, the average taret price for PSTG is USD 68.68 over the next 12 months. The maximum analyst target price is USD 80 while the minimum anlayst target price is USD 45.
PSTG stock's Price/Earning ratio is 123.05.
Our analysis grades PSTG stock's Price / Earning ratio at F. This means that PSTG stock's Price/Earning ratio is above 86% of the stocks in the Computer Hardware sector in the NYE exchange.
Based on this PSTG may be a overvalued for its sector.
The last closing price of PSTG's stock was USD 51.56.
The most recent market capitalization for PSTG is USD 17.34B.
Based on targets from 20 analysts, the average taret price for PSTG is projected at USD 68.68 over the next 12 months.
This means that PSTG's stock price may go up by +33.21% over the next 12 months.
We can't find any ETFs which contains Pure Storage Inc's stock.
As per our most recent records Pure Storage Inc has 5,600 Employees.
Pure Storage Inc's registered address is 2555 Augustine Drive, Santa Clara, CA, United States, 95054.
You can get more information about it from Pure Storage Inc's website at https://www.purestorage.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Pure Storage Inc (PSTG) Stock
Based on ratings from 20 analysts Pure Storage Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 29 buy, 2 sell and 10 hold ratings.
Unfortunately we do not have enough data on PSTG's stock to indicate if its a good dividend stock.
Based on targets from 20 analysts, the average taret price for PSTG is USD 68.68 over the next 12 months. The maximum analyst target price is USD 80 while the minimum anlayst target price is USD 45.
PSTG stock's Price/Earning ratio is 123.05.
Our analysis grades PSTG stock's Price / Earning ratio at F. This means that PSTG stock's Price/Earning ratio is above 86% of the stocks in the Computer Hardware sector in the NYE exchange.
Based on this PSTG may be a overvalued for its sector.
The last closing price of PSTG's stock was USD 51.56.
The most recent market capitalization for PSTG is USD 17.34B.
Based on targets from 20 analysts, the average taret price for PSTG is projected at USD 68.68 over the next 12 months.
This means that PSTG's stock price may go up by +33.21% over the next 12 months.
We can't find any ETFs which contains Pure Storage Inc's stock.
As per our most recent records Pure Storage Inc has 5,600 Employees.
Pure Storage Inc's registered address is 2555 Augustine Drive, Santa Clara, CA, United States, 95054.
You can get more information about it from Pure Storage Inc's website at https://www.purestorage.com.
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