Pure Storage (NYSE:PSTG) Given New $63.00 Price Target at UBS Group

Pure Storage (NYSE:PSTG) had its price target boosted by equities research analysts at UBS Group from $60.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the technology company’s stock. UBS Group’s price objective points to a potential downside of 3.00% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Northland Securities set a $77.00 target price on Pure Storage in a research note on Wednesday, December 3rd. Citigroup decreased their price target on Pure Storage from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Pure Storage in a report on Wednesday, December 3rd. Barclays upped their target price on shares of Pure Storage from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Lake Street Capital boosted their price target on shares of Pure Storage from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Twelve research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pure Storage currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.32.

Pure Storage Price Performance

Shares of NYSE:PSTG traded down $8.61 during trading on Thursday, reaching $64.95. The stock had a trading volume of 7,355,469 shares, compared to its average volume of 3,792,711. The stock has a market capitalization of $21.44 billion, a PE ratio of 170.92, a P/E/G ratio of 5.94 and a beta of 1.27. Pure Storage has a 52 week low of $34.51 and a 52 week high of $100.59. The business’s 50-day moving average price is $70.47 and its 200 day moving average price is $77.52.

Pure Storage (NYSE:PSTG) last released its quarterly earnings results on Tuesday, December 2nd. The technology company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Pure Storage had a return on equity of 10.60% and a net margin of 3.74%.The firm had revenue of $964.45 million during the quarter, compared to analysts’ expectations of $955.60 million. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Analysts forecast that Pure Storage will post 0.44 EPS for the current year.

Insiders Place Their Bets

In related news, insider John Colgrove sold 100,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $71.31, for a total transaction of $7,131,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ajay Singh sold 7,178 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $67.14, for a total value of $481,930.92. Following the sale, the insider directly owned 215,091 shares in the company, valued at approximately $14,441,209.74. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new position in shares of Pure Storage during the 1st quarter worth approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Pure Storage by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock valued at $387,000 after purchasing an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Pure Storage by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock valued at $50,377,000 after purchasing an additional 595,307 shares during the period. Empowered Funds LLC lifted its stake in shares of Pure Storage by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after buying an additional 194 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Pure Storage by 9.6% during the 2nd quarter. D.A. Davidson & CO. now owns 7,672 shares of the technology company’s stock worth $442,000 after buying an additional 672 shares during the period. Institutional investors own 83.42% of the company’s stock.

Key Headlines Impacting Pure Storage

Here are the key news stories impacting Pure Storage this week:

• Positive Sentiment: Q4 beat and milestone revenue — Everpure (formerly Pure Storage) delivered its first $1.0B quarter, revenue up ~20% year-over-year and adjusted EPS well ahead of last year, which drove the initial stock lift. PSTG Beats on Q4 Earnings & Sales
• Positive Sentiment: Raised guidance and strong forward visibility — Management set Q1 revenue guidance around $990M–$1.0B (above consensus) and FY27 revenue guidance in the ~$4.3B–$4.4B range, reinforcing growth expectations and supporting the stock. Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results
• Positive Sentiment: Strategic rebrand and M&A signal a shift to data intelligence — The company rebranded to Everpure and announced a definitive agreement to acquire 1touch to add data discovery, semantic context and security capabilities, expanding its TAM beyond raw storage into data management/AI workflows. Everpure Rebrand And 1touch Deal Shift Story Toward Data Intelligence
• Neutral Sentiment: Analyst moves are mixed — Barclays raised its price target to $81 but kept an “equal weight” rating (limits upside endorsement), while Wedbush reiterated an Outperform, showing differing analyst views on near-term upside. Benzinga Coverage Wedbush Reiterates Outperform
• Neutral Sentiment: Market reaction details & resources — Multiple outlets reported intraday jumps (7–10%), and the company posted RPO growth >40% and full-year revenue >$3.6B; investors can review the earnings slide deck and transcript for color on product mix and hyperscaler momentum. Earnings Slide Deck
• Negative Sentiment: Valuation and execution risk remain — PSTG trades at a rich multiple (high P/E) versus peers, and the shift from hardware-centric storage to broader data intelligence introduces execution and integration risk (1touch buy); these could limit upside if growth or margin improvement slows.

About Pure Storage

Pure Storage, Inc (NYSE: PSTG) is a technology company that designs and sells data storage hardware and software for enterprise and cloud environments. The company is best known for its all-flash storage arrays that are engineered to deliver high performance, low latency and simplified management compared with traditional disk-based systems. Its product portfolio includes purpose-built arrays and software aimed at transactional databases, virtualized infrastructures, analytics and large-scale file/object workloads.

Key product and software offerings include the FlashArray family for block storage and FlashBlade for file and object workloads, together with Purity, the company’s storage operating environment.