▼ -7.17% Downside Potential
This price target is based on 15 analysts offering 12 month price targets for Pure Storage in the last 3 months. The average price target is $21.33, with a high forecast of $27.00 and a low forecast of $17.00. The average price target represents a -7.17% upside from the last price of $22.98.
The current consensus among 15 investment analysts is to buy stock in Pure Storage. This Buy consensus rating has held steady for over two years.
Pure Storage, Inc. provides technology and data storage solutions in the United States and internationally. It delivers solutions based on proprietary Purity Operating Environment Software that implements enterprise-class storage services, such as data reduction, encryption, and protection, as well as protocol services, including block, file, and object. The company's cloud data infrastructure products include FlashArray, a solution for running block-oriented storage; and FlashBlade, a solution, which are integrated hardware and software appliances for file and object storage. It also provides subscription based IT and data services, such as Evergreen Storage Subscription and Pure1, Pure as-a-Service, and Cloud Block Store for data migrations and storage. Pure Storage, Inc. has a strategic partnership with Cohesity, Inc. to market Pure FlashRecover, a solution to meet the business continuity requirements for data-driven organizations. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was founded in 2009 and is headquartered in Mountain View, California.