# Pure Storage, Inc. – Consensus ‘buy’ rating and 18.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/pure-storage-inc.consensus-buy-rating-and-18.3-upside-potential/4121129728
- Published: 2023-10-13T13:59:01+01:00
- Author: Charlotte Edwards

**Pure Storage, Inc.** which can be found using ticker (PSTG) have now 15 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The target price High/Low ranges between 50 and 38 calculating the mean target price
we have $43.27. Given that the stocks previous close was at $36.58 this now indicates
there is a potential upside of 18.3%. It’s also worth noting that there is a 50 
day moving average of $36.46 and the 200 day moving average is $30.95. The company
has a market capitalization of 11.20B. The current share price for the company is:
35.9 USD

 The potential market cap would be $13,247,410,641 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 -, revenue per share of 9.06 and
a 0.25% 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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