FY2025 Earnings Forecast for Pure Storage Issued By Wedbush

Pure Storage, Inc. (NYSE:PSTG) – Research analysts at Wedbush boosted their FY2025 EPS estimates for Pure Storage in a research report issued on Wednesday, December 4th. Wedbush analyst M. Bryson now expects that the technology company will earn $0.43 per share for the year, up from their previous estimate of $0.38. Wedbush has a “Outperform” rating and a $80.00 price objective on the stock. The consensus estimate for Pure Storage’s current full-year earnings is $0.44 per share. Wedbush also issued estimates for Pure Storage’s Q4 2025 earnings at $0.11 EPS, Q1 2026 earnings at $0.13 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.57 EPS, Q4 2026 earnings at $0.58 EPS and FY2026 earnings at $1.64 EPS.

PSTG has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on shares of Pure Storage from $60.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Barclays increased their price target on shares of Pure Storage from $56.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Needham & Company LLC increased their price target on shares of Pure Storage from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Evercore ISI increased their price target on shares of Pure Storage from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Susquehanna reissued a “positive” rating and set a $80.00 price target on shares of Pure Storage in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.10.

Pure Storage Price Performance

Shares of Pure Storage stock opened at $60.30 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 158.66, a P/E/G ratio of 7.83 and a beta of 1.13. Pure Storage has a 1-year low of $32.54 and a 1-year high of $70.41. The firm’s 50-day moving average price is $53.31 and its two-hundred day moving average price is $56.84.

Insiders Place Their Bets

In other Pure Storage news, CAO Mona Chu sold 25,000 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $50.32, for a total value of $1,258,000.00. Following the sale, the chief accounting officer now directly owns 96,639 shares in the company, valued at approximately $4,862,874.48. This trade represents a 20.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Colgrove sold 100,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $65.55, for a total transaction of $6,555,000.00. Following the sale, the insider now directly owns 7,316,722 shares of the company’s stock, valued at $479,611,127.10. This represents a 1.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 454,542 shares of company stock worth $25,154,030. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Pure Storage

Several institutional investors have recently added to or reduced their stakes in PSTG. Franklin Resources Inc. lifted its position in Pure Storage by 210.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,553,402 shares of the technology company’s stock valued at $137,628,000 after acquiring an additional 1,730,123 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Pure Storage by 56.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,696,390 shares of the technology company’s stock valued at $237,345,000 after acquiring an additional 1,327,873 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Pure Storage by 22.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,063,776 shares of the technology company’s stock valued at $204,163,000 after acquiring an additional 747,034 shares in the last quarter. State Street Corp lifted its position in Pure Storage by 6.5% in the 3rd quarter. State Street Corp now owns 10,262,666 shares of the technology company’s stock valued at $515,596,000 after acquiring an additional 626,427 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Pure Storage in the 3rd quarter valued at $20,470,000. 83.42% of the stock is owned by institutional investors.

Pure Storage Company Profile

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.