# Pure Storage, Inc. – Consensus ‘buy’ rating and 26.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/pure-storage-inc.consensus-buy-rating-and-26.3-upside-potential/4121130216
- Published: 2023-10-20T13:55:21+01:00
- Author: Charlotte Edwards

**Pure Storage, Inc.** which can be found using ticker (PSTG) now have 15 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
range between the high target price and low target price is between 50 and 38 with
the average target price sitting at $43.27. Given that the stocks previous close
was at $34.27 this now indicates there is a potential upside of 26.3%. Also worth
taking note is the 50 day moving average now sits at $36.23 and the 200 day MA is
$31.15. The total market capitalization for the company now stands at 10.56B. The
stock price for the company is currently 33.84 USD

 The potential market cap would be $13,328,966,941 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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