Pure Storage (NYSE:PSTG) Given New $81.00 Price Target at Barclays

Pure Storage (NYSE:PSTG) had its target price boosted by equities research analysts at Barclays from $77.00 to $81.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price would indicate a potential upside of 30.70% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Lake Street Capital boosted their price objective on Pure Storage from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Citigroup lowered their price target on shares of Pure Storage from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. UBS Group increased their price objective on shares of Pure Storage from $55.00 to $60.00 and gave the company a “sell” rating in a research report on Wednesday, December 3rd. Evercore reaffirmed an “outperform” rating on shares of Pure Storage in a research report on Wednesday, December 3rd. Finally, Oppenheimer initiated coverage on shares of Pure Storage in a research note on Monday, November 17th. They set an “outperform” rating and a $120.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pure Storage has an average rating of “Moderate Buy” and an average target price of $94.16.

Pure Storage Price Performance

Shares of PSTG stock traded down $11.59 during trading on Thursday, reaching $61.97. The company’s stock had a trading volume of 2,796,623 shares, compared to its average volume of 3,669,673. Pure Storage has a 1-year low of $34.51 and a 1-year high of $100.59. The stock’s 50-day moving average price is $70.47 and its 200 day moving average price is $77.52. The company has a market capitalization of $20.46 billion, a price-to-earnings ratio of 161.89, a P/E/G ratio of 5.94 and a beta of 1.27.

Pure Storage (NYSE:PSTG) last released its earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $964.45 million for the quarter, compared to analyst estimates of $955.60 million. Pure Storage had a net margin of 3.74% and a return on equity of 10.60%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, sell-side analysts anticipate that Pure Storage will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling at Pure Storage

In other news, insider Ajay Singh sold 7,178 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $67.14, for a total value of $481,930.92. Following the completion of the transaction, the insider owned 215,091 shares in the company, valued at $14,441,209.74. This trade represents a 3.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Colgrove sold 100,000 shares of Pure Storage stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $71.31, for a total transaction of $7,131,000.00. The SEC filing for this sale provides additional information. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Pure Storage

Institutional investors have recently made changes to their positions in the stock. Westfield Capital Management Co. LP boosted its holdings in shares of Pure Storage by 69.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,751,558 shares of the technology company’s stock valued at $146,798,000 after purchasing an additional 717,834 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Pure Storage by 96.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,166 shares of the technology company’s stock worth $2,612,000 after buying an additional 15,286 shares during the last quarter. AlTi Global Inc. purchased a new position in shares of Pure Storage in the 3rd quarter worth $2,517,000. Merit Financial Group LLC boosted its holdings in Pure Storage by 145.6% in the third quarter. Merit Financial Group LLC now owns 25,943 shares of the technology company’s stock valued at $2,174,000 after acquiring an additional 15,382 shares during the last quarter. Finally, Oak Thistle LLC purchased a new stake in Pure Storage during the third quarter valued at about $1,653,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Key Pure Storage News

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Q4 beat — Everpure (formerly Pure Storage) reported record quarterly revenue of about $1.06B and adjusted EPS of $0.69, above consensus; sales rose ~20% year-over-year, signaling continued demand strength. Pure Storage’s Q4 Sales Top Estimates
• Positive Sentiment: Upside guidance — Q1 revenue guidance of roughly $990M–$1.0B sits well above Street expectations (midpoint materially higher), and FY revenue guidance was maintained/raised near $4.3–4.4B, reducing near-term earnings uncertainty. Pure Storage’s Q4 Sales Top Estimates
• Positive Sentiment: Strategic rebrand and M&A — Management rebranded Pure Storage to “Everpure” and agreed to acquire data-intelligence firm 1touch to add data discovery, semantic context and security capabilities — a pivot from hardware-centric storage toward software/AI-enabled data management that can expand addressable market and margins over time. Everpure Rebrand And 1touch Deal Shift Story Toward Data Intelligence
• Positive Sentiment: Strong backlog/RPO and full-year growth — Full FY26 revenue exceeded $3.6B and Q4 remaining performance obligations (RPO) grew over 40% YoY, supporting forward revenue visibility. Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results
• Neutral Sentiment: Analyst reaction — Wedbush reiterated an Outperform rating, which supports the positive narrative but doesn’t materially change near-term fundamentals. Wedbush Reiterates Outperform Rating for Pure Storage
• Neutral Sentiment: Read the call/details — The earnings call transcript and slide deck are available for investors who want the management roadmap, product strategy and 1touch integration details. Everpure (PSTG) Q4 2026 Earnings Call Transcript
• Negative Sentiment: Valuation and execution risk — The shares trade at a rich multiple (high P/E and PEG), so expectations are elevated; the rebrand and 1touch deal introduce integration execution risk and will need to deliver measurable revenue/margin upside to justify the valuation.

About Pure Storage

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.