Pure Storage, Inc. (PSTG) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$66.97
Price Target
$86.63
Target Range
$60.00 — $105.00
Analyst Rating
Buy
Forward P/E29.2x
Trailing P/E142.5x
Forward PEG—
Implied Growth+321.8%
Median Target$86.50
Analyst Spread51.9%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$60
-10.4%
Consensus
$87
+29.4%
Bull Case
$105
+56.8%
PSTG Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Pure Storage, Inc. (PSTG) has a Wall Street consensus price target of $86.63, based on estimates from 32 covering analysts. With the stock currently trading at $66.97, this represents a potential upside of +29.4%. The company has a market capitalization of $21.99B.
Analyst price targets range from a low of $60.00 to a high of $105.00, representing a 52% spread in expectations. The median target of $86.50 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 24 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, PSTG trades at a trailing P/E of 142.5x and forward P/E of 29.2x. Analysts expect EPS to grow +321.8% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+2.0%
Avg Forward P/E24.6x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NTAPNetApp, Inc. | $22.1B | $111.74 | $120.50 | +7.8% | Hold | 14.0x | 70 |
 HPEHewlett Packard Enterprise Company | $40.3B | $30.36 | $28.71 | -5.4% | Hold | 12.6x | 37 |
 DELLDell Technologies Inc. | $79.7B | $238.72 | $168.50 | -29.4% | Buy | 23.9x | 43 |
 IBMInternational Business Machines Corporation | $211.8B | $225.74 | $309.64 | +37.2% | Hold | 18.2x | 50 |
 STXSeagate Technology Holdings plc | $171.5B | $786.42 | $623.71 | -20.7% | Buy | 53.3x | 52 |
 WDCWestern Digital Corporation | $163.8B | $483.15 | $407.54 | -15.6% | Buy | 53.6x | 61 |
 NTNXNutanix, Inc. | $11.7B | $43.13 | $59.64 | +38.3% | Buy | 23.6x | 31 |
 SCSCScanSource, Inc. | $886M | $40.93 | $43.00 | +5.1% | Hold | 10.4x | 5 |
 NVDANVIDIA Corporation | $5.0T | $207.66 | $278.83 | +34.3% | Buy | 25.1x | 79 |
 MUMicron Technology, Inc. | $752.2B | $666.80 | $455.86 | -31.6% | Buy | 11.7x | 68 |
Upside Potential Comparison
NTNXIBMNVDANTAPSCSCHPEWDCSTXFull PSTG Stock Analysis
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Start ComparisonPSTG — Frequently Asked Questions
Quick answers to the most common questions about buying PSTG stock.
What is the PSTG stock price target for 2026?
The consensus Wall Street price target for PSTG is $86.63, representing 29.4% upside from the current price of $66.97. With 32 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is PSTG a buy, sell, or hold?
PSTG has a consensus rating of "Buy" based on 32 Wall Street analysts. The rating breakdown is predominantly bullish, with 24 Buy/Strong Buy ratings. The consensus 12-month price target of $86.63 implies 29.4% upside from current levels.
Is PSTG stock overvalued or undervalued?
PSTG trades at a forward P/E of 29.1986x, representing a moderate valuation. With analysts targeting $86.63 (29.4% implied move), the stock appears reasonably valued with upside.
How high can PSTG stock go?
The most bullish Wall Street analyst has a price target of $105 for PSTG, while the most conservative target is $60. The consensus of $86.63 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover PSTG stock?
PSTG is heavily covered by Wall Street, with 32 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 24 have Buy ratings, 7 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PSTG stock forecast?
The 12-month PSTG stock forecast based on 32 Wall Street analysts shows a consensus price target of $86.63, with estimates ranging from $60 (bear case) to $105 (bull case). The median consensus rating is "Buy".
What is PSTG's forward P/E ratio?
PSTG trades at a forward P/E ratio of 29.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 142.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy PSTG stock?
Wall Street analysts are very optimistic on PSTG, with a "Buy" consensus rating and $86.63 price target (29.4% upside). 24 of 32 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PSTG price targets vary so much?
PSTG analyst price targets range from $60 to $105, a 52% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $86.63 consensus represents the middle ground.