$60.2499
0.1299[0.22%]
At close: May 21
$60.2499
0[0.00%]
After Hours: 7:46PM EDT
Pure Storage
(NYSE:PSTG)Pure Storage Stock (NYSE:PSTG), Analyst Ratings, Price Targets, Predictions
Pure Storage Inc has a consensus price target of $46, established from looking at the 93 latest analyst ratings. The last 3 analyst ratings were released from Barclays, Raymond James, and Susquehanna on May 21, 2024, April 19, 2024, and April 11, 2024. With an average price target of $59.67 between Barclays, Raymond James, and Susquehanna, there's an implied -0.97% downside for Pure Storage Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Barclays
Raymond James
Susquehanna
Needham
Citigroup
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Pure Storage
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/21/2024 | Buy Now | -15.35% | Barclays | Tim Long | $51 → $51 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 04/19/2024 | Buy Now | 4.56% | Raymond James | Simon Leopold | $52 → $63 | Downgrade | Strong Buy → Outperform | Get Alert |
| 04/11/2024 | Buy Now | 7.88% | Susquehanna | Mehdi Hosseini | $45 → $65 | Maintains | Positive | Get Alert |
| 04/11/2024 | Buy Now | 9.54% | Needham | Mike Cikos | → $66 | Reiterates | Buy → Buy | Get Alert |
| 03/15/2024 | Buy Now | 7.88% | Citigroup | Asiya Merchant | → $65 | Initiates | → Buy | Get Alert |
| 03/12/2024 | Buy Now | 6.22% | Keybanc | Thomas Blakey | $55 → $64 | Maintains | Overweight | Get Alert |
| 03/06/2024 | Buy Now | 9.54% | Needham | Mike Cikos | → $66 | Initiates | → Buy | Get Alert |
| 02/29/2024 | Buy Now | -8.71% | Keybanc | Thomas Blakey | $51 → $55 | Maintains | Overweight | Get Alert |
| 02/29/2024 | Buy Now | -23.65% | Stifel | Matthew Sheerin | $41 → $46 | Maintains | Hold | Get Alert |
| 02/29/2024 | Buy Now | -20.33% | Morgan Stanley | Meta Marshall | $43 → $48 | Maintains | Overweight | Get Alert |
| 02/29/2024 | Buy Now | -17.01% | JP Morgan | Pinjalim Bora | $45 → $50 | Maintains | Overweight | Get Alert |
| 02/29/2024 | Buy Now | -17.01% | B of A Securities | Wamsi Mohan | $42 → $50 | Maintains | Neutral | Get Alert |
| 02/29/2024 | Buy Now | -15.35% | Barclays | Tim Long | $42 → $51 | Maintains | Overweight | Get Alert |
| 02/29/2024 | Buy Now | -26.97% | UBS | David Vogt | $38 → $44 | Maintains | Neutral | Get Alert |
| 02/23/2024 | Buy Now | -20.33% | Evercore ISI Group | Amit Daryanani | $41 → $48 | Maintains | Outperform | Get Alert |
| 02/14/2024 | Buy Now | -31.95% | Stifel | Matthew Sheerin | $41 → $41 | Downgrade | Buy → Hold | Get Alert |
| 02/09/2024 | Buy Now | -15.35% | Keybanc | Thomas Blakey | $47 → $51 | Maintains | Overweight | Get Alert |
| 01/24/2024 | Buy Now | -21.99% | Keybanc | Thomas Blakey | $43 → $47 | Maintains | Overweight | Get Alert |
| 01/18/2024 | Buy Now | -28.63% | Keybanc | Thomas Blakey | $40 → $43 | Maintains | Overweight | Get Alert |
| 11/30/2023 | Buy Now | -30.29% | Raymond James | Simon Leopold | $45 → $42 | Maintains | Strong Buy | Get Alert |
| 11/30/2023 | Buy Now | -36.93% | Stifel | Matthew Sheerin | $41 → $38 | Maintains | Buy | Get Alert |
| 11/30/2023 | Buy Now | -33.61% | JP Morgan | Pinjalim Bora | $45 → $40 | Maintains | Overweight | Get Alert |
| 11/30/2023 | Buy Now | -33.61% | Morgan Stanley | Meta Marshall | $42 → $40 | Maintains | Overweight | Get Alert |
| 11/30/2023 | Buy Now | -33.61% | Wedbush | Matt Bryson | $45 → $40 | Maintains | Outperform | Get Alert |
| 08/31/2023 | Buy Now | -31.95% | Stifel | Matthew Sheerin | → $41 | Reiterates | Buy → Buy | Get Alert |
| 08/31/2023 | Buy Now | -17.01% | TD Cowen | Krish Sankar | $44 → $50 | Maintains | Outperform | Get Alert |
| 08/31/2023 | Buy Now | -25.31% | Wedbush | Matt Bryson | $39 → $45 | Maintains | Outperform | Get Alert |
| 08/31/2023 | Buy Now | -36.93% | UBS | David Vogt | $31 → $38 | Maintains | Neutral | Get Alert |
| 08/31/2023 | Buy Now | -26.97% | Evercore ISI Group | Amit Daryanani | $42 → $44 | Maintains | Outperform | Get Alert |
| 08/31/2023 | Buy Now | -25.31% | Credit Suisse | Shannon Cross | → $45 | Reiterates | Outperform → Outperform | Get Alert |
FAQ
What is the target price for Pure Storage (PSTG)?
The latest price target for Pure Storage (NYSE: PSTG) was reported by Barclays on May 21, 2024. The analyst firm set a price target for $51.00 expecting PSTG to fall to within 12 months (a possible -15.35% downside). 43 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Pure Storage (PSTG)?
The latest analyst rating for Pure Storage (NYSE: PSTG) was provided by Barclays, and Pure Storage downgraded their equal-weight rating.
When was the last upgrade for Pure Storage (PSTG)?
The last upgrade for Pure Storage Inc happened on April 6, 2023 when Wedbush raised their price target to $34. Wedbush previously had a neutral for Pure Storage Inc.
When was the last downgrade for Pure Storage (PSTG)?
The last downgrade for Pure Storage Inc happened on May 21, 2024 when Barclays changed their price target from $51 to $51 for Pure Storage Inc.
When is the next analyst rating going to be posted or updated for Pure Storage (PSTG)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Pure Storage, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Pure Storage was filed on May 21, 2024 so you should expect the next rating to be made available sometime around May 21, 2025.
Is the Analyst Rating Pure Storage (PSTG) correct?
While ratings are subjective and will change, the latest Pure Storage (PSTG) rating was a downgraded with a price target of $51.00 to $51.00. The current price Pure Storage (PSTG) is trading at is $60.25, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.