PSTG icon

Pure Storage

45.36 USD
-0.22
0.48%
At close Apr 30, 4:00 PM EDT
After hours
46.25
+0.89
1.96%
1 day
-0.48%
5 days
5.17%
1 month
2.46%
3 months
-33.66%
6 months
-15.07%
Year to date
-27.41%
1 year
-10.00%
5 years
215.00%
10 years
183.32%
 

About: Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue, which includes the sale of integrated storage hardware and embedded operating system software; and subscription services revenue, which includes Evergreen Storage subscriptions, a unified subscription that includes Pure as-a-Service, Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

Employees: 6,000

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

90% more first-time investments, than exits

New positions opened: 129 | Existing positions closed: 68

26% more capital invested

Capital invested by funds: $13.4B [Q3] → $16.8B (+$3.45B) [Q4]

17% more repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 204

14% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]

7% more funds holding

Funds holding: 606 [Q3] → 650 (+44) [Q4]

2.76% more ownership

Funds ownership: 81.0% [Q3] → 83.75% (+2.76%) [Q4]

8% more call options, than puts

Call options by funds: $250M | Put options by funds: $232M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$50
10%
upside
Avg. target
$61
34%
upside
High target
$75
65%
upside

6 analyst ratings

positive
67%
neutral
17%
negative
17%
Evercore ISI Group
Amit Daryanani
33% 1-year accuracy
14 / 43 met price target
32%upside
$60
Outperform
Maintained
28 Apr 2025
Citigroup
Asiya Merchant
30% 1-year accuracy
12 / 40 met price target
21%upside
$55
Buy
Maintained
14 Apr 2025
Piper Sandler
James Fish
50% 1-year accuracy
14 / 28 met price target
17%upside
$53
Overweight
Maintained
8 Apr 2025
UBS
David Vogt
38% 1-year accuracy
5 / 13 met price target
10%upside
$50
Sell
Maintained
27 Feb 2025
B of A Securities
Wamsi Mohan
57% 1-year accuracy
47 / 83 met price target
61%upside
$73
Neutral
Maintained
27 Feb 2025

Financial journalist opinion

Based on 10 articles about PSTG published over the past 30 days

Neutral
Zacks Investment Research
4 hours ago
Pure Storage (PSTG) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Pure Storage (PSTG) closed at $45.36, marking a -0.48% move from the previous day.
Pure Storage (PSTG) Stock Declines While Market Improves: Some Information for Investors
Neutral
Zacks Investment Research
2 days ago
Pure Storage (PSTG) Stock Drops Despite Market Gains: Important Facts to Note
Pure Storage (PSTG) closed the most recent trading day at $45.38, moving -0.7% from the previous trading session.
Pure Storage (PSTG) Stock Drops Despite Market Gains: Important Facts to Note
Positive
Zacks Investment Research
5 days ago
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Pure Storage (PSTG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Neutral
Zacks Investment Research
1 week ago
Pure Storage (PSTG) Increases Yet Falls Behind Market: What Investors Need to Know
The latest trading day saw Pure Storage (PSTG) settling at $40.36, representing a +0.37% change from its previous close.
Pure Storage (PSTG) Increases Yet Falls Behind Market: What Investors Need to Know
Positive
Zacks Investment Research
1 week ago
Pure Storage Collaborates With Varonis to Elevate Cyber Resilience
PSTG and Varonis partner to boost data security and resilience, offering AI-powered threat detection, access control and rapid recovery from cyber incidents.
Pure Storage Collaborates With Varonis to Elevate Cyber Resilience
Neutral
GlobeNewsWire
1 week ago
Varonis Announces Partnership With Pure Storage
MIAMI and SANTA CLARA, Calif., April 21, 2025 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (NASDAQ: VRNS) today announced a new partnership with Pure Storage (NYSE: PSTG), a leading provider of advanced data storage technology and services.
Varonis Announces Partnership With Pure Storage
Positive
Zacks Investment Research
2 weeks ago
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Pure Storage, Inc. (PSTG) is Attracting Investor Attention: Here is What You Should Know
Negative
Benzinga
3 weeks ago
If Tariffs Shift Customer Spending Priorities, These Software Stocks Could Face Slow Growth
Needham analyst Mike Cikos noted tariff exposure in his Infrastructure Software coverage is better insulated compared to other sectors due to the U.S.' dominant position in Software and the vast, cheap distribution afforded by Software.
If Tariffs Shift Customer Spending Priorities, These Software Stocks Could Face Slow Growth
Positive
Seeking Alpha
3 weeks ago
Pure Storage: The Stock Is Down 24% Since Hyperscaler Win
Pure Storage has successfully transitioned to a "Storage-as-a-Service" model, benefiting from strong demand amid the GenAI boom and delivering resilient FY2025 results. The company is pursuing more hyperscaler opportunities after securing a top hyperscaler win last year, which creates a massive growth opportunity. Contract backlog showed softness in FY2025, which may weigh on the revenue growth outlook, while management warned political uncertainty as a risk factor for FY2026 guidance.
Pure Storage: The Stock Is Down 24% Since Hyperscaler Win
Positive
Zacks Investment Research
4 weeks ago
Pure Storage, Inc. (PSTG) Is a Trending Stock: Facts to Know Before Betting on It
Pure Storage (PSTG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Pure Storage, Inc. (PSTG) Is a Trending Stock: Facts to Know Before Betting on It
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