0.3% Above Target

Wall Street's consensus price target for PSTG is $86, -0.3% from its current price of $86.22. The below-market target from 32 analysts suggests limited near-term appreciation.

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 implies -0.3% downside from current levels.

At a forward P/E of 37.5916x, PSTG trades at a premium valuation. The consensus price target of $86 (-0.3% downside) suggests analysts may view current valuations as stretched.

The most bullish Wall Street analyst has a price target of $90 for PSTG, while the most conservative target is $81. The consensus of $86 represents the median expectation. Our quantitative valuation model projects a bull case target of $83 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

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.

The 12-month PSTG stock forecast based on 32 Wall Street analysts shows a consensus price target of $86, with estimates ranging from $81 (bear case) to $90 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $63, with bear/bull scenarios of $40/$83.

Our quantitative valuation model calculates PSTG's fair value at $63 (base case), with a bear case of $40 and bull case of $83. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 52/100.

PSTG trades at a forward P/E ratio of 37.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 183.4x. 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.

Analysts are cautious on PSTG, with 1 Sell ratings and a price target of $86 (-0.3% from current price). The "Buy" consensus suggests careful evaluation before buying. 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.

PSTG analyst price targets range from $81 to $90, a 10% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $86 consensus represents the middle ground. Our model's $40-$83 range provides an independent fundamental perspective.