At the time of writing, Pure Storage Inc [PSTG] stock is trading at $57.22, down -2.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PSTG shares have lost -3.69% over the last week, with a monthly amount glided 0.37%, and 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.
For the past year, the stock price of Pure Storage Inc fluctuated between $34.51 and $73.67. Currently, Wall Street analysts expect the stock to reach $75 within the next 12 months. Pure Storage Inc [NYSE: PSTG] shares were valued at $57.22 at the most recent close of the market. An investor can expect a potential return of 31.07% based on the average PSTG price forecast.
Analyzing the PSTG fundamentals
According to Pure Storage Inc [NYSE:PSTG], the company’s sales were 3.25B for trailing twelve months, which represents an 12.26% jump. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 56.60 points at the first support level, and at 55.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.42, and for the 2nd resistance point, it is at 59.62.
Ratios To Look Out For
It is important to note that Pure Storage Inc [NYSE:PSTG] has a current ratio of 1.54. Also, the Quick Ratio is 1.51, while the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 5.75, the price to book ratio is 15.04 and price to earnings (TTM) ratio is 153.98.
Transactions by insiders
Recent insider trading involved Colgrove John, Chief Visionary Officer, that happened on Jul 31 ’25 when 0.2 million shares were sold. Chief Visionary Officer, Colgrove John completed a deal on Jul 30 ’25 to sell 0.19 million shares. Meanwhile, Chief Visionary Officer Colgrove John sold 13511.0 shares on Jul 29 ’25.
