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 20, 2024 (08:22)

Sector: Technology

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

Latest session on the 19th of July for
Pure Storage, Inc. is negative
Trading Volume: 3317097
Open: 59.63 /  High: 60.27 /  Low: 58.58
What analysts predict: $70.67
52-week High/Low: $70.41 / $31

50/200 Day Moving Average: $63.1 / $47.65

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 22 60.01 59.58 60.36 1.30
Jul 23 60.09 59.96 60.28 0.54
Jul 24 59.50 59.38 59.97 0.99
Jul 25 59.08 58.61 59.30 1.19
Jul 26 58.89 58.63 59.11 0.82
Jul 27 58.93 58.67 59.07 0.67
Jul 28 58.79 58.50 59.14 1.09
Jul 29 58.54 58.40 58.96 0.96
Jul 30 58.65 58.29 59.10 1.39
Jul 31 58.17 57.82 58.35 0.93
Aug 01 57.73 57.59 58.17 0.99
Aug 02 58.24 58.09 58.39 0.50
Aug 03 58.61 58.34 59.02 1.18
Aug 04 58.74 58.57 59.16 1.00
Aug 05 58.97 58.54 59.08 0.93
Aug 06 59.02 58.69 59.45 1.30
Aug 07 58.98 58.82 59.40 0.97
Aug 08 59.02 58.70 59.39 1.18
Aug 09 58.69 58.56 58.86 0.51
Aug 10 58.56 58.26 58.83 0.99
Aug 11 58.42 58.30 58.61 0.52
Aug 12 57.95 57.52 58.11 1.03
Aug 13 57.97 57.65 58.12 0.82
Aug 14 57.94 57.74 58.27 0.91
Aug 15 58.45 58.15 58.84 1.19
Aug 16 58.95 58.53 59.10 0.98
Aug 17 58.73 58.38 59.12 1.28
Aug 18 58.33 57.91 58.59 1.17
Aug 19 57.81 57.45 57.93 0.84
Aug 20 57.60 57.36 57.96 1.03

Pure Storage Daily Price Targets


Pure Storage Stock Forecast 07-22-2024.

Forecast target price for 07-22-2024: $60.01.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 1.283%.
Pessimistic target level: 59.58
Optimistic target level: 60.36

Pure Storage Stock Forecast 07-23-2024.

Forecast target price for 07-23-2024: $60.09.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 0.538%.
Pessimistic target level: 59.96
Optimistic target level: 60.28

Pure Storage Stock Forecast 07-24-2024.

Forecast target price for 07-24-2024: $59.50.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 0.982%.
Pessimistic target level: 59.38
Optimistic target level: 59.97

Pure Storage Stock Forecast 07-25-2024.

Forecast target price for 07-25-2024: $59.08.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 1.176%.
Pessimistic target level: 58.61
Optimistic target level: 59.30

Pure Storage Stock Forecast 07-26-2024.

Forecast target price for 07-26-2024: $58.89.
Negative dynamics for Pure Storage shares will prevail with possible volatility of 0.817%.
Pessimistic target level: 58.63
Optimistic target level: 59.11

Pure Storage Stock Forecast 07-27-2024.

Forecast target price for 07-27-2024: $58.93.
Positive dynamics for Pure Storage shares will prevail with possible volatility of 0.669%.
Pessimistic target level: 58.67
Optimistic target level: 59.07

PSTG (PSTG) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Aug. 59.54 58.42 62.71 6.85
Sep. 57.75 55.57 59.57 6.72
Oct. 59.45 57.24 62.36 8.21
Nov. 59.57 58.20 60.61 3.99
Dec. 61.57 58.86 64.42 8.63

Pure Storage forecast for this year


Pure Storage Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $59.5409. Pessimistic: $58.42. Optimistic: $62.71


Pure Storage Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $57.7487. Pessimistic: $55.57. Optimistic: $59.57


Pure Storage Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $59.4465. Pessimistic: $57.24. Optimistic: $62.36


Pure Storage Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $59.5713. Pessimistic: $58.20. Optimistic: $60.61


Pure Storage Stock Prediction for Dec 2024

An uptrend is forecast for this month with an optimal target price of $61.5729. Pessimistic: $58.86. Optimistic: $64.42



Pure Storage (PSTG) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 60.02 56.70 60.99 7.03
Feb 60.11 58.72 61.62 4.71
Mar 61.12 58.42 62.87 7.08
Apr 62.23 59.70 63.93 6.61
May 58.61 57.42 59.60 3.65
Jun 57.42 54.33 60.40 10.05
Jul 59.15 56.34 61.10 7.79
Aug 59.48 57.28 60.94 6.01
Sep 57.40 54.75 58.57 6.52
Oct 60.33 58.56 61.47 4.74
Nov 63.54 60.25 66.17 8.94
Dec 62.70 61.64 63.79 3.37

Pure Storage (PSTG) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 63.00 60.98 64.59 5.60
Feb 63.49 61.58 64.60 4.68
Mar 62.69 59.79 65.15 8.22
Apr 59.40 57.07 62.02 7.98
May 57.94 55.31 60.58 8.70
Jun 58.19 56.88 60.06 5.29
Jul 62.10 59.84 65.01 7.96
Aug 64.97 61.56 68.56 10.22
Sep 65.60 64.41 68.59 6.09
Oct 68.17 65.93 71.51 7.81
Nov 66.50 63.99 68.83 7.03
Dec 65.48 64.52 67.54 4.48

Pure Storage (PSTG) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 62.55 60.40 65.48 7.76
Feb 58.74 55.57 61.78 10.05
Mar 56.72 55.13 59.03 6.59
Apr 57.44 54.78 58.28 6.00
May 57.64 56.83 58.49 2.83
Jun 58.04 56.54 60.44 6.45
Jul 56.62 55.11 57.45 4.07
Aug 55.79 54.97 56.84 3.30
Sep 59.42 56.47 61.00 7.43
Oct 60.21 57.47 62.53 8.09
Nov 57.26 54.65 59.38 7.96
Dec 53.33 52.02 55.65 6.51

Pure Storage (PSTG) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 52.32 50.53 53.93 6.32
Feb 51.48 49.61 52.38 5.30
Mar 52.63 50.28 54.62 7.96
Apr 51.34 50.45 53.97 6.53
May 53.11 51.80 55.71 7.01
Jun 54.07 51.99 55.28 5.96
Jul 55.74 54.29 57.77 6.01
Aug 56.13 55.34 58.05 4.67
Sep 59.27 57.65 61.80 6.71
Oct 59.31 57.19 61.06 6.32
Nov 57.32 56.28 58.88 4.43
Dec 56.12 53.72 57.65 6.81

Pure Storage information and performance

Pure Storage Address

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

Market Capitalization: 19 104 246 000 $

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: 195.8

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: 195.8

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.