PSTG

Pure Storage Inc

NYSE: PSTG · TECHNOLOGY · COMPUTER HARDWARE

$67.79

+4.47% today

Updated 2026-04-16

Market cap

$19.89B

P/E ratio

113.57

P/S ratio

5.43x

EPS (TTM)

$0.53

Dividend yield

—

52W range

$40 – $101

Volume

3.3M

Market cap

$19.89B

P/E ratio

113.57

P/S ratio

5.43x

EPS (TTM)

$0.53

Dividend yield

—

52W range

$40 – $101

Volume

3.3M

Pure Storage Inc (PSTG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

PSTG · Pure Storage Inc · Price target summary

Current

$67.79

Consensus

$91.37

+34.78%

2030 Target

$269.15

+297.03%

DCF

—

Current price

$67.79

Analyst consensus

$91.37

+34.78%

2030 Target

$269.15

+297.03%

Intrinsic (DCF)

—

19 analysts:

9 Buy5 Hold1 Sell

Management guidance

Pure Storage (Everpure) guided FY2027 revenue to $4.3-4.4B (midpoint $4.35B, implying ~19% growth from FY2026's $3.66B). Management emphasized hyperscaler AI momentum and Evergreen subscription model as drivers. The 1touch acquisition signals intent to expand into AI-ready data intelligence, positioning for accelerated growth beyond traditional storage.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

PSTG · Pure Storage Inc · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$183.51

$7.7B Rev × 8x P/S

Base case (2030)

$269.15

$7.7B Rev × 12x P/S

Bull case (2030)

$452.66

$7.7B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2026	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$3.7B	$4.3B	$5.2B	$6.3B	$7.7B
Revenue growth	15.6%	18.9%	18.6%	21.1%	22.4%
EPS	$1.99	$2.35	$2.92	$3.75	$4.85
P/S ratio	—	12.0x	12.0x	12.0x	12.0x
Implied price	—	$152.93	$183.51	$220.21	$269.15

PSTG · Pure Storage Inc · Catalysts & risks

Growth catalysts

+ 1touch integration driving AI data intelligence revenue stream

+ Hyperscaler AI capex cycle expansion (Meta, Microsoft, others) driving storage demand

+ Evergreen//One platform adoption for AI and data stream workloads

+ Market share gains in all-flash storage amid supply tightness

+ Recurring revenue model (subscription shift) improving margin profile and predictability

Key risks

- Hyperscaler deal concentration risk; volatility in large customer orders

- 1touch acquisition integration execution; valuation dilution if synergies underdeliver

- Competitive intensity from NetApp, Dell, Seagate in AI storage segment

- Valuation compression if AI capex cycle moderates faster than expected

- Rebrand execution risk; market skepticism on data intelligence pivot vs. core storage

Methodology

Pure Storage Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 19 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.