Pure Storage Inc [PSTG] stock is trading at $45.13, up 5.64%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PSTG shares have gain 9.38% over the last week, with a monthly amount drifted -14.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Pure Storage Inc [NYSE: PSTG] stock has seen the most recent analyst activity on December 04, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $76 from $56. Previously, Wells Fargo reaffirmed its Overweight rating on December 04, 2024, and elevated its price target to $80. On December 04, 2024, TD Cowen reiterated its Buy rating and revised its price target to $80 on the stock. Stifel reiterated its Hold rating and increased its price target to $65 on December 04, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $75 on December 04, 2024. JP Morgan reiterated a Overweight rating for this stock on December 04, 2024, and upped its price target to $75. In a note dated December 04, 2024, Evercore ISI reiterated an Outperform rating on this stock and boosted its target price from $70 to $75.
Pure Storage Inc [PSTG] stock has fluctuated between $34.51 and $73.67 over the past year. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Pure Storage Inc [NYSE: PSTG] shares were valued at $45.13 at the most recent close of the market. An investor can expect a potential return of 66.19% based on the average PSTG price forecast.
Analyzing the PSTG fundamentals
Pure Storage Inc [NYSE:PSTG] reported sales of 3.17B for the trailing twelve months, which represents a growth of 11.40%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.66 points at the first support level, and at 42.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.02, and for the 2nd resistance point, it is at 46.91.
Ratios To Look Out For
For context, Pure Storage Inc’s Current Ratio is 1.55. Further, the Quick Ratio stands at 1.52, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 4.64, the price to book ratio is 11.26 and price to earnings (TTM) ratio is 147.53.
Transactions by insiders
Recent insider trading involved FitzSimons Dan, Chief Revenue Officer, that happened on Apr 21 ’25 when 6977.0 shares were sold. Officer, DANIEL P FITZSIMONS completed a deal on Apr 21 ’25 to buy 6977.0 shares. Meanwhile, Chief Revenue Officer FitzSimons Dan sold 8895.0 shares on Mar 21 ’25.
