Pure Storage (PSTG) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Pure Storage (PSTG) Stock Forecast for 2024–2028. Sell or Buy?

Updated: July 26, 2024 (23:34)

Sector: Technology

The share price of Pure Storage, Inc. (PSTG) now

Latest session on the 26th of July for
Pure Storage, Inc. is positive
Trading Volume: 1986928
Open: 58.59 /  High: 58.97 /  Low: 57.78
What analysts predict: $70.67
52-week High/Low: $70.41 / $31

50/200 Day Moving Average: $62.95 / $47.58

This figure corresponds to the Average Price over the previous 50/200 days. For Pure Storage stocks, the 50-day moving average is the resistance level today.

For Pure Storage stocks, the 200-day moving average is the support level today.

Are you interested in Pure Storage, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Pure Storage stock price in 2024, 2025, 2026, 2027, 2028. How much will one Pure Storage share be worth in 2024 - 2028?

When should I take profit in Pure Storage stock? When should I record a loss on Pure Storage stock? What are analysts' forecasts for Pure Storage stock? What is the future of Pure Storage stock? We forecast Pure Storage stock performance using neural networks based on historical data on Pure Storage stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Pure Storage stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Pure Storage shares. This happens once a day.


Historical and forecast chart of Pure Storage stock

The chart below shows the historical price of Pure Storage stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Pure Storage stock price can be found in the table below.

Long-term forecasts by years.

Pure Storage, Inc. provides technologies and solutions for data storage in the United States and abroad. It provides solutions based on the proprietary Purity Operating Environment software that implements enterprise-class storage services such as data reduction, encryption and security, and protocol services including block, file, and object.

Pure Storage daily forecast for a month

Date Target Pes. Opt. Vol., %
Jul 28 58.93 58.59 59.39 1.37
Jul 29 58.72 58.58 59.03 0.76
Jul 30 58.65 58.24 58.78 0.93
Jul 31 58.08 57.93 58.53 1.04
Aug 01 58.50 58.37 58.64 0.45
Aug 02 58.66 58.51 58.80 0.49
Aug 03 58.71 58.33 58.85 0.89
Aug 04 58.74 58.53 59.09 0.95
Aug 05 58.54 58.19 58.93 1.28
Aug 06 58.01 57.88 58.26 0.66
Aug 07 57.59 57.14 57.94 1.40
Aug 08 57.52 57.32 57.77 0.79
Aug 09 57.57 57.16 57.71 0.97
Aug 10 57.80 57.61 58.25 1.11
Aug 11 58.24 58.11 58.58 0.81
Aug 12 58.22 58.02 58.42 0.69
Aug 13 58.32 58.17 58.77 1.04
Aug 14 58.49 58.32 58.81 0.83
Aug 15 58.27 58.09 58.43 0.58
Aug 16 58.18 57.82 58.39 0.99
Aug 17 58.36 58.22 58.73 0.87
Aug 18 58.09 57.97 58.31 0.57
Aug 19 58.24 57.92 58.58 1.16
Aug 20 58.31 58.11 58.75 1.11
Aug 21 58.03 57.76 58.23 0.80
Aug 22 58.41 58.10 58.64 0.93
Aug 23 58.61 58.40 59.08 1.15
Aug 24 58.75 58.33 59.08 1.29
Aug 25 58.52 58.05 58.69 1.10
Aug 26 58.52 58.12 58.82 1.21

Pure Storage Daily Price Targets


Pure Storage Stock Forecast 07-28-2024.

Forecast target price for 07-28-2024: $58.93.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 1.350%.
Pessimistic target level: 58.59
Optimistic target level: 59.39

Pure Storage Stock Forecast 07-29-2024.

Forecast target price for 07-29-2024: $58.72.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 0.756%.
Pessimistic target level: 58.58
Optimistic target level: 59.03

Pure Storage Stock Forecast 07-30-2024.

Forecast target price for 07-30-2024: $58.65.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 0.918%.
Pessimistic target level: 58.24
Optimistic target level: 58.78

Pure Storage Stock Forecast 07-31-2024.

Forecast target price for 07-31-2024: $58.08.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 1.032%.
Pessimistic target level: 57.93
Optimistic target level: 58.53

Pure Storage Stock Forecast 08-01-2024.

Forecast target price for 08-01-2024: $58.50.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 0.449%.
Pessimistic target level: 58.37
Optimistic target level: 58.64

Pure Storage Stock Forecast 08-02-2024.

Forecast target price for 08-02-2024: $58.66.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 0.489%.
Pessimistic target level: 58.51
Optimistic target level: 58.80

PSTG (PSTG) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Aug. 56.58 55.70 59.43 6.26
Sep. 56.38 53.85 57.84 6.89
Oct. 57.33 55.36 59.13 6.38
Nov. 53.31 52.04 55.22 5.74
Dec. 54.62 52.25 55.77 6.31

Pure Storage forecast for this year


Pure Storage Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $56.5759. Pessimistic: $55.70. Optimistic: $59.43


Pure Storage Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $56.3779. Pessimistic: $53.85. Optimistic: $57.84


Pure Storage Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $57.3251. Pessimistic: $55.36. Optimistic: $59.13


Pure Storage Stock Prediction for Nov 2024

An downtrend is forecast for this month with an optimal target price of $53.3123. Pessimistic: $52.04. Optimistic: $55.22


Pure Storage Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $54.6185. Pessimistic: $52.25. Optimistic: $55.77



Pure Storage (PSTG) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 54.73 52.55 56.30 6.67
Feb 54.43 53.66 56.45 4.93
Mar 52.52 51.79 54.14 4.35
Apr 53.88 51.13 55.50 7.88
May 57.65 54.91 59.07 7.04
Jun 56.81 55.49 58.75 5.55
Jul 56.09 54.13 58.88 8.07
Aug 58.68 55.68 61.56 9.54
Sep 60.78 59.71 63.37 5.77
Oct 60.61 57.47 63.32 9.25
Nov 61.33 60.13 62.44 3.71
Dec 63.69 61.77 66.36 6.92

Pure Storage (PSTG) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 65.29 63.37 67.62 6.29
Feb 65.02 63.20 68.21 7.34
Mar 64.75 63.16 66.60 5.17
Apr 66.97 64.15 69.26 7.38
May 68.42 66.74 71.73 6.94
Jun 69.14 65.36 72.77 10.18
Jul 71.03 67.65 74.90 9.69
Aug 73.41 69.35 74.90 7.41
Sep 75.16 71.37 79.16 9.84
Oct 79.26 76.32 81.04 5.82
Nov 81.26 78.76 85.13 7.48
Dec 77.96 76.54 81.02 5.52

Pure Storage (PSTG) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 78.67 74.98 81.87 8.41
Feb 81.09 76.78 83.08 7.58
Mar 84.33 80.91 85.69 5.58
Apr 81.79 78.87 83.34 5.36
May 80.19 78.79 81.70 3.57
Jun 77.38 75.87 78.74 3.65
Jul 78.03 74.10 79.67 6.99
Aug 79.40 75.90 82.90 8.45
Sep 80.68 77.06 82.31 6.38
Oct 79.60 77.93 80.83 3.58
Nov 76.76 75.47 79.45 5.00
Dec 76.98 73.91 79.35 6.86

Pure Storage (PSTG) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 76.01 74.78 78.56 4.81
Feb 75.00 73.05 78.30 6.70
Mar 76.57 74.37 78.61 5.39
Apr 74.86 73.23 78.52 6.74
May 75.27 72.11 78.59 8.25
Jun 75.64 73.58 79.09 6.96
Jul 78.13 75.51 81.14 6.94
Aug 76.66 74.56 80.73 7.64
Sep 81.32 78.02 83.54 6.61
Oct 83.15 80.29 86.87 7.57
Nov 78.95 75.20 82.05 8.35
Dec 78.68 77.41 81.49 5.00

Pure Storage information and performance

Pure Storage Address

650 CASTRO STREET, SUITE 400, MOUNTAIN VIEW, CA, US

Market Capitalization: 18 700 954 000 $

Market capitalization of the Pure Storage, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of PSTG shares in the company outstanding by the market price of one share.

EBITDA: 261 773 000 $

EBITDA of Pure Storage is earnings before interest, income tax and depreciation of assets.

PE Ratio: 191.67

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 5.57

Price/earnings to growth

DPS: None

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: None

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 0.3

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.145
Quarterly Revenue Growth YOY: 0.177
Trailing PE: 191.67

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 35.09

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 5.69

Enterprise Value (EV) /Revenue

EV To EBITDA: 72.37

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 325234000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A



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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.