Pure Storage, Inc. Share Price Target ‘$43.31’, now 5.1% Upside Potential

Broker Ratings
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Pure Storage, Inc. with ticker code (PSTG) have now 16 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $58.00 and $35.00 calculating the average target share price we see $43.31. (at the time of writing). Given that the stocks previous close was at $41.19 this is indicating there is a potential upside of 5.1%. The 50 day moving average now sits at $38.89 and the 200 moving average now moves to $35.83. The company has a market capitalization of 12.82B. The current share price for the company is: $40.57 USD

The potential market cap would be $13,478,803,688 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 176.39, revenue per share of $9.25 and a 1.47% return on assets.

Pure Storage, Inc. is focused on delivering disruptive data storage, products and services. The Company’s products and subscription services support a range of structured and unstructured data, at scale and across any data workload in hybrid and public cloud environments and include production, test and development, analytics, disaster recovery (DR), and backup and recovery. Its products and subscription services include FlashArray Platform, Cloud Block Store, FlashBlade Platform, Evergreen Subscription, Evergreen//Flex, Evergreen//One, Pure Fusion, Portworx by Pure Storage and Portworx Data Services (PDS). It sells its products and subscription services using a direct sales force and its channel partners. It also sells to service providers that deploy its products and offer cloud-based storage services to their customers. FlashArray Platform provides solutions for block-oriented storage, addressing databases, applications, virtual machines and other traditional workloads.

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