
Pure Storage (PSTG) Stock Forecast & Price Target
Pure Storage (PSTG) Analyst Ratings
Bulls say
Pure Storage Inc demonstrated robust financial performance with remaining performance obligations reaching $2.94 billion, reflecting a 24% year-over-year increase and indicating strong demand for its subscription services. The company reported revenue of $964.5 million for the quarter, marking a 16% increase from the previous year and surpassing both management's guidance and consensus estimates. Additionally, with deferred revenues of $1.96 billion and a steady growth in subscription service revenue, Pure Storage is positioned for sustained revenue growth and improved operating margins over the long term.
Bears say
The financial outlook for Pure Storage Inc. appears negative primarily due to a combination of declining NAND pricing and potential revenue underperformance, including quarterly results or guidance that may fall short of expectations. The company's reliance on subscription services, which can create mismatched revenue recognition against expenses, adds a layer of risk, particularly in an economic environment where IT budgets may be constrained. Additionally, ongoing pressures from cloud cannibalization and the necessity for continuous product innovation are critical challenges that could impede revenue growth and overall profitability.
This aggregate rating is based on analysts' research of Pure Storage and is not a guaranteed prediction by Public.com or investment advice.
Pure Storage (PSTG) Analyst Forecast & Price Prediction
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