FY2025 Earnings Forecast for Pure Storage Issued By Wedbush

Pure Storage, Inc. (NYSE:PSTG) – Analysts at Wedbush increased their FY2025 EPS estimates for shares of Pure Storage in a report issued on Wednesday, December 4th. Wedbush analyst M. Bryson now anticipates 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 $0.44 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.

Several other research firms have also weighed in on PSTG. TD Cowen boosted their price objective on shares of Pure Storage from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Needham & Company LLC upped their price target on shares of Pure Storage from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Barclays upped their price target on shares of Pure Storage from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upped their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Guggenheim upped their price objective on shares of Pure Storage from $72.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.10.

Pure Storage Stock Down 5.5 %

Shares of PSTG stock opened at $60.30 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. Pure Storage has a 1 year low of $32.54 and a 1 year high of $70.41. The firm’s fifty day moving average price is $53.31 and its two-hundred day moving average price is $56.84. The firm has a market capitalization of $19.76 billion, a P/E ratio of 158.66, a PEG ratio of 7.83 and a beta of 1.13.

Insider Transactions at Pure Storage

In related news, CRO Dan Fitzsimons sold 8,895 shares of the stock in a transaction 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 transaction, the executive now directly owns 94,446 shares of the company’s stock, valued at $4,785,578.82. This represents a 8.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $49.94, for a total transaction of $4,994,000.00. Following the transaction, the insider now directly owns 500,000 shares in the company, valued at approximately $24,970,000. This represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 454,542 shares of company stock worth $25,154,030 over the last three months. 6.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its stake in shares of Pure Storage by 242.9% in the second quarter. Larson Financial Group LLC now owns 432 shares of the technology company’s stock valued at $28,000 after buying an additional 306 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Pure Storage in the second quarter valued at $33,000. ORG Partners LLC bought a new position in shares of Pure Storage in the second quarter valued at $35,000. ORG Wealth Partners LLC bought a new position in shares of Pure Storage in the third quarter valued at $31,000. Finally, Blue Trust Inc. lifted its stake in shares of Pure Storage by 174.4% in the second quarter. Blue Trust Inc. now owns 741 shares of the technology company’s stock valued at $48,000 after buying an additional 471 shares in the last quarter. 83.42% of the stock is owned by institutional investors.

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.