Analysts Offer Predictions for Pure Storage FY2025 Earnings

Pure Storage, Inc. (NYSE:PSTG) – Stock analysts at Wedbush lifted their FY2025 earnings per share estimates for shares of Pure Storage in a research report issued to clients and investors on Wednesday, December 4th. Wedbush analyst M. Bryson now expects that the technology company will post earnings of $0.43 per share for the year, up from their previous estimate of $0.38. Wedbush has a “Outperform” rating and a $80.00 price objective on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.43 per share. Wedbush also issued estimates for Pure Storage’s Q4 2025 earnings at $0.11 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.58 EPS and FY2026 earnings at $1.64 EPS.

PSTG has been the subject of a number of other reports. Citigroup boosted their target price on shares of Pure Storage from $63.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI upped their price objective on Pure Storage from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on Pure Storage from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus raised their price target on Pure Storage from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Finally, Lake Street Capital upped their target price on shares of Pure Storage from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Pure Storage presently has an average rating of “Moderate Buy” and a consensus price target of $72.10.

Pure Storage Stock Performance

Shares of NYSE:PSTG opened at $64.92 on Monday. The business has a fifty day moving average of $53.04 and a 200-day moving average of $56.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.96 and a current ratio of 1.77. Pure Storage has a twelve month low of $31.90 and a twelve month high of $70.41. The firm has a market cap of $21.27 billion, a PE ratio of 170.84, a price-to-earnings-growth ratio of 8.87 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Sycomore Asset Management acquired a new position in shares of Pure Storage during the 2nd quarter worth about $2,259,000. Citigroup Inc. boosted its position in Pure Storage by 11.3% during the third quarter. Citigroup Inc. now owns 144,005 shares of the technology company’s stock valued at $7,235,000 after purchasing an additional 14,659 shares during the last quarter. FMR LLC boosted its position in Pure Storage by 0.8% during the third quarter. FMR LLC now owns 49,153,797 shares of the technology company’s stock valued at $2,469,487,000 after purchasing an additional 368,643 shares during the last quarter. Bank of Montreal Can grew its stake in Pure Storage by 92.0% in the third quarter. Bank of Montreal Can now owns 193,563 shares of the technology company’s stock valued at $9,570,000 after purchasing an additional 92,762 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of Pure Storage during the 3rd quarter worth approximately $6,890,000. Institutional investors own 83.42% of the company’s stock.

Insider Activity at Pure Storage

In other news, CRO Dan Fitzsimons sold 8,895 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.67, for a total transaction of $450,709.65. Following the completion of the transaction, the executive now directly owns 94,446 shares of the company’s stock, valued at $4,785,578.82. This trade represents a 8.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mona Chu sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $50.32, for a total transaction of $1,258,000.00. Following the completion of the sale, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. This represents a 20.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 454,542 shares of company stock worth $25,154,030. 6.00% of the stock is owned by company insiders.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.