Pure Storage, Inc. which can be found using ticker (PSTG) have now 19 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $93.00 and $45.00 suggesting an average analyst share price target price of $65.53. (at the time of writing). Given that the stocks previous close was at $49.87 this would imply there is now a potential upside of 31.4%. Also worth taking note is the 50 day moving average now sits at $51.36 and the 200 day MA is $54.56. The market capitalization for the company is 16.33B. The price for the stock stands currently at: $49.83 USD
The potential market cap would be $21,457,295,611 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 115.88, revenue per share of $9.40 and a 2.67% 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.
