Pure Storage (PSTG) stock forecast for 2023. Forecast tables and graphs.

Pure Storage (PSTG) stock forecast for 2023

Last update: September 20, 2023 (11:29)

Sector: Technology

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

What analysts predict: $43.13
52-week High/Low: $40.5 / $22.14

50/200 Day Moving Average: $37.49 / $30.39

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 resistance level today.

Are you interested in Pure Storage 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 2023. How much will one Pure Storage share be worth in 2023? Is it worth taking profit / loss on Pure Storage stock now or waiting? What are analysts' forecasts for 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. The Pure Storage stock prediction results are shown below and presented as a graph, table and text information.

Pure Storage stock forecasts are adjusted once a day based on the closing price of the previous trading day.

The minimum target price for Pure Storage analysts is $43.13.

Today 200 Day Moving Average is the support level (30.39 $).

50 Day Moving Average is the support level (37.49 $).





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 year. 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.

Pure Storage (PSTG) Forecast for 2023

Month Target Pes. Opt. Vol., %
Oct 35.98 35.02 37.37 6.27 %
Nov 37.26 36.72 38.10 3.63 %
Dec 36.56 35.69 38.43 7.13 %

Pure Storage information and performance

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 Address

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

Market Capitalization: 11 202 340 000 $

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

EBITDA: 126 237 000 $

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

PE Ratio: None

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: N/A

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: N/A

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

EPS: -0.01

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

Quarterly Earnings Growth YOY: 3.76
Quarterly Revenue Growth YOY: 0.065
Trailing PE: -

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: 21.69

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

EV To Revenue: 3.295

Enterprise Value (EV) /Revenue

EV To EBITDA: 55.99

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

Shares Outstanding: 311956000

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

Pure Storage price target for 2023 by month


Target values for the price of one Pure Storage share for Oct 2023.

The weighted average target price per Pure Storage share in Oct 2023 is: 35.98.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 6.269% volatility is expected.
Pessimistic target level: 35.02
Optimistic target level: 37.37

Target values for the price of one Pure Storage share for Nov 2023.

The weighted average target price per Pure Storage share in Nov 2023 is: 37.26.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 3.629% volatility is expected.
Pessimistic target level: 36.72
Optimistic target level: 38.10

Target values for the price of one Pure Storage share for Dec 2023.

The weighted average target price per Pure Storage share in Dec 2023 is: 36.56.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 7.126% volatility is expected.
Pessimistic target level: 35.69
Optimistic target level: 38.43



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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.