Upside case
Bull case
$83-3.8%
The bull case prices PSTG at 36x on FY1 earnings, assuming continued execution and no meaningful deceleration in the core business.
Analysis OverviewBuyUpdated Jun 18, 2026
Everpure, Inc (PSTG) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
32
analysts
24 bullish · 1 bearish · 32 covering PSTG
Strong Buy
0
Buy
24
Hold
7
Sell
1
Strong Sell
0
Consensus Target
$86
-0.3% vs today
Scenario Range
$40 – $83
Model bear to bull value window
Coverage
32
Published analyst ratings
Valuation Context
37.6x
Forward P/E · Market cap $28.5B
PSTG price targets
Three scenarios for where PSTG stock could go
Current
~$86
Confidence
52 / 100
Updated
Jun 18, 2026
Where we are now
Current · $86
Bear
$40
Base
$63
Bull
$83
Market caseClosest to today
Base case
$63-27.0%
At 27x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$40-54.0%
If investor confidence fades or macro conditions deteriorate, a 20x multiple contraction could push PSTG down roughly 54% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Everpure, Inc
PSTG · NYSETechnologyComputer HardwareDecember year-end
Pure Storage is an enterprise data storage company that provides all-flash storage arrays and software-defined storage solutions. It generates revenue primarily through hardware sales of its FlashArray and FlashBlade systems (roughly 60% of revenue) and subscription services including Evergreen Storage and Pure as-a-Service (roughly 40%). The company's key advantage is its proprietary Purity software platform — which delivers superior data reduction, simplicity, and cloud-like consumption models — creating strong customer lock-in through its subscription ecosystem.
Market Cap
$28.5B
Revenue TTM
$4.2B
Net Income TTM
$249M
Net Margin
5.9%
PSTG Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
91%Exceptional
12 quarters tracked
Revenue Beat Rate
90%Exceptional
vs consensus estimates
Avg EPS Surprise
+16.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$0.29/$0.25
Revenue
$778M/$770M
Q3 2025
EPS
$0.43/$0.39
Revenue
$861M/$846M
Q4 2025
EPS
$0.58/$0.58
Revenue
$964M/$956M
Q1 2026
EPS
$0.69/$0.65
Revenue
$1.1B/$1.0B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $0.29/$0.25 | +18.0% | $778M/$770M | +1.0% |
| Q3 2025 | $0.43/$0.39 | +10.8% | $861M/$846M | +1.7% |
| Q4 2025 | $0.58/$0.58 | +0.0% | $964M/$956M | +0.9% |
| Q1 2026 | $0.69/$0.65 | +7.0% | $1.1B/$1.0B | +2.6% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$4.5B
+6.6% YoY
FY2
$4.9B
+9.5% YoY
EPS Outlook
FY1
$1.24
+71.0% YoY
FY2
$1.40
+13.0% YoY
Trailing FCF (TTM)$626M
FCF Margin: 14.8%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
PSTG beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
PSTG Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2026
Total disclosed revenue $3.7B
Product Mix
Latest annual revenue by segment or product family
Product
53.8%
+16.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
67.3%
+11.7% YoY
Tap, hover, or focus a slice to inspect segment detail.
Product is the largest disclosed segment at 53.8% of FY 2026 revenue, up 16.0% YoY.
UNITED STATES is the largest reported region at 67.3%, up 11.7% YoY.
PSTG Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Expensive versus peers
Fair value est. $40 — implies -53.7% from today's price.
Premium to Fair Value
53.7%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
PSTG
183.4x
vs
S&P 500
24.4x
+650% premium
vs Technology Trailing P/E
PSTG
183.4x
vs
Technology
29.0x
+532% premium
vs PSTG 5Y Avg P/E
Today
183.4x
vs
5Y Average
134.2x
+37% premium
Forward PE
37.6x
S&P 500
18.8x
+100%
Technology
22.3x
+69%
5Y Avg
—
—
Trailing PE
183.4x
S&P 500
24.4x
+650%
Technology
29.0x
+532%
5Y Avg
134.2x
+37%
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
106.1x
S&P 500
15.2x
+597%
Technology
16.6x
+538%
5Y Avg
70.8x
+50%
Price/FCF
46.3x
S&P 500
20.7x
+124%
Technology
19.2x
+141%
5Y Avg
30.0x
+54%
Price/Sales
7.8x
S&P 500
3.1x
+152%
Technology
2.4x
+219%
5Y Avg
5.1x
+53%
Dividend Yield
—
S&P 500
1.91%
—
Technology
1.11%
—
5Y Avg
—
—
| Metric | PSTG | S&P 500 | Technology | 5Y Avg PSTG |
|---|---|---|---|---|
| Forward PE | 37.6x | 18.8x+100% | 22.3x+69% | — |
| Trailing PE | 183.4x | 24.4x+650% | 29.0x+532% | 134.2x+37% |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 106.1x | 15.2x+597% | 16.6x+538% | 70.8x+50% |
| Price/FCF | 46.3x | 20.7x+124% | 19.2x+141% | 30.0x+54% |
| Price/Sales | 7.8x | 3.1x+152% | 2.4x+219% | 5.1x+53% |
| Dividend Yield | — | 1.91% | 1.11% | — |
PSTG trades above S&P 500 benchmarks on 5 of 5 measured multiples — commands a broad premium across most valuation dimensions.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolPSTG Financial Health
Verdict
Strong
PSTG generates $626M in free cash flow at a 14.8% margin — 10.7% ROIC signals a durable competitive advantage.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$4.2B
Revenue Growth
TTM vs prior year
+21.2%
Gross Margin
Gross profit as a share of revenue
69.3%
Operating Margin
Operating income divided by revenue
5.1%
Net Margin
Net income divided by revenue
5.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.72
Free Cash Flow (TTM)
Cash generation after capex
$626M
FCF Margin
FCF as share of revenue — the primary cash quality signal
14.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
10.7%
ROA
Return on assets, trailing twelve months
5.3%
Cash & Equivalents
Liquid assets on the balance sheet
$855M
Net Cash
Cash exceeds total debt — no net leverage
$639M
Debt Serviceability
Net debt as a multiple of annual free cash flow
Net cash ✓
ROE
Return on equity, trailing twelve months
17.2%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.2%
Dividend
—
Buyback
0.2%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$56M
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
330M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pagePSTG Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Competitive Pressure
Everpure operates in the highly competitive technology and data storage sector, facing pressure from established players and new entrants.
High Risk
Integration Risk
The acquisition of 1Touch introduces potential challenges in integrating new technologies and teams into Everpure's existing platform.
Medium
Valuation Concerns
With a $22.41B market cap and balanced risk/reward profile, there is potential for valuation de-rating if growth expectations are not met.
Medium
Sector Volatility
Operating in the technology and computer hardware sector exposes Everpure to market volatility and shifting investor sentiment.
Lower
Product Diversification
Everpure's expansive portfolio in water filtration and data storage may mitigate some risks through diversification, but core challenges remain.
Medium
Economic Sensitivity
The company's commercial water filtration systems and enterprise storage solutions may face reduced demand in economic downturns.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why PSTG Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Enterprise AI and cloud storage
Everpure's platform simplifies enterprise AI, cloud, and data storage, reducing costs and risks while improving resilience and efficiency.
Industry-leading data management
Everpure provides an evolving storage and data management platform that helps organizations take control of their data.
Strategic acquisition of 1Touch
The acquisition of 1Touch enhances Everpure's capabilities in data intelligence and orchestration, offering a unified view of enterprise information.
Commercial water filtration systems
Everpure offers a portfolio of right-sized water filtration technologies for commercial applications, including restaurants and food services.
Bullish analyst sentiment
Multiple bullish theses from analysts highlight Everpure's potential as a strong investment opportunity in the technology sector.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
PSTG Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$86.22
52W Range Position
71%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$50.87
+69.5% from the low
52-Week High
$100.59
-14.3% from the high
1 Month
0.00%
3 Month
+33.90%
YTD
+24.9%
1 Year
+63.1%
3Y CAGR
+32.6%
5Y CAGR
+35.5%
10Y CAGR
+23.6%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
PSTG vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
37.6x
vs 20.0x median
+88% above peer median
Revenue Growth
+6.6%
vs +5.9% median
+12% above peer median
Net Margin
5.9%
vs 15.6% median
-62% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
PST PSTG Everpure, Inc | $28.5B | 37.6x | +6.6% | 5.9% | Buy | -0.3% |
NTA NTAP NetApp, Inc. | $31.6B | 20.0x | +5.9% | 18.4% | Hold | +4.6% |
HPE HPE Hewlett Packard Enterprise Company | $62.8B | 13.9x | +8.3% | 3.9% | Hold | +46.1% |
DEL DELL Dell Technologies Inc. | $272.3B | 41.1x | +5.1% | 6.3% | Buy | +9.6% |
IBM IBM International Business Machines Corporation | $233.7B | 20.0x | +3.7% | 15.6% | Hold | +25.0% |
STX STX Seagate Technology Holdings plc | $233.4B | 71.8x | +9.2% | 21.6% | Buy | -29.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
PSTG Dividend and Capital Return
PSTG returns 0.2% annually — null% through dividends and 0.2% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
0.2%
Dividend + buyback return per year
Buyback Yield
0.2%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$56M
Estimated Shares Retired
650.0K
Approx. Share Reduction
0.2%
Shares Outstanding
Current diluted share count from the screening snapshot
330M
FAQ
7 questionsPSTG Investor Questions
Common questions answered from live analyst data and company financials.
01Is Everpure, Inc (PSTG) stock a buy or sell in 2026?
Everpure, Inc (PSTG) is rated Buy by Wall Street analysts as of 2026. Of 32 analysts covering the stock, 24 rate it Buy or Strong Buy, 7 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $86, implying -0.3% from the current price of $86. The bear case scenario is $40 and the bull case is $83.
02What is the PSTG stock price target for 2026?
The Wall Street consensus price target for PSTG is $86 based on 32 analyst estimates. The high-end target is $90 (+4.4% from today), and the low-end target is $81 (-6.1%). The base case model target is $63.
03Is Everpure, Inc (PSTG) stock overvalued in 2026?
PSTG trades at 37.6x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Everpure, Inc (PSTG) stock in 2026?
The primary risks for PSTG in 2026 are: (1) Competitive Pressure — Everpure operates in the highly competitive technology and data storage sector, facing pressure from established players and new entrants. (2) Integration Risk — The acquisition of 1Touch introduces potential challenges in integrating new technologies and teams into Everpure's existing platform. (3) Valuation Concerns — With a $22. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Everpure, Inc's revenue and earnings forecast?
Analyst consensus estimates PSTG will report consensus revenue of $4.5B (+6.6% year-over-year) and EPS of $1.24 (+71.0% year-over-year) for the upcoming fiscal year. The following year, analysts project $4.9B in revenue.
06When does Everpure, Inc (PSTG) report its next earnings?
A confirmed upcoming earnings date for PSTG is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Everpure, Inc generate?
Everpure, Inc (PSTG) generated $626M in free cash flow over the trailing twelve months — a free cash flow margin of 14.8%. PSTG returns capital to shareholders through and share repurchases ($56M TTM).