
Pure Storage (PSTG) Stock Forecast & Price Target
Pure Storage (PSTG) Analyst Ratings
Bulls say
Pure Storage is positioned for durable revenue growth and increased market share due to its expanding product portfolio and innovative roadmap, supported by the Purity software. The company's growing Evergreen subscriptions are anticipated to enhance customer lifetime value, positively influencing its economic model. Additionally, ongoing partnerships and strategic conversations with hyperscale and sovereign cloud entities suggest strong future customer acquisition potential, emphasizing the competitive advantage derived from Pure Storage's technological infrastructure.
Bears say
Pure Storage's stock outlook is negatively impacted by significant declines in NAND pricing, resulting in underperformance against revenue guidance, particularly noted in their 3QFY20 results. The transition to ratable subscription revenue recognition introduces potential revenue growth constraints, matching revenue timing against rising operational expenses, which may limit their financial agility. Additionally, broader economic pressures could exacerbate demand challenges in Pure Storage's core business, leading to market share losses and suppressed revenue growth amidst increased competition.
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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