# Pure Storage, Inc.  Share Price Target ‘$42.94’, now 1.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/pure-storage-inc.share-price-target-42.94-now-1.2-upside-potential/4121142776
- Published: 2024-02-16T12:48:57+00:00
- Author: Charlotte Edwards

**Pure Storage, Inc.** which can be found using ticker (PSTG) have now 16 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The range between the high target price and low target price is between $58.00 and
$35.00 with the average share target price sitting at $42.94. (at the time of writing).
Given that the stocks previous close was at $42.43 this is indicating there is a
potential upside of 1.2%. There is a 50 day moving average of $38.00 and the 200
day MA is $35.35. The market capitalization for the company is 13.72B. The stock
price for the company is currently $43.41 USD

 The potential market cap would be $13,881,256,042 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 188.74, revenue per share of $9.25
and a 1.47% 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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