DailyIQ
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Sector:TechnologyAll sectors
Last updated 94 days ago

PSTG·PSTG

$.
+. (+.%)
After Hours
High
$75.46
Open
$71.44
Market Cap
24.38B
52W High
$100.59
Low
$70.21
P. Close
$70.76
P/E
187.04
52W Low
$34.51
Fwd P/E
-
Mean Target
-
Technical Score (1D)
82
BUY
News Sentiment
56
BULLISH
Pure Storage (PSTG) is gaining attention due to its recurring revenue model and long-term contracts for storage platforms, particularly for AI applications. This focus on recurring revenue may improve cash flow quality over time. Oppenheimer adjusted its price target for PSTG to $100, down from $120, while maintaining an Outperform rating. This adjustment suggests a tempered outlook, though the firm remains positive on the stock. Argus Research has increased its target price for Pure Storage (PSTG) to $77.00, maintaining a HOLD rating. The firm's analysis assigns Medium ratings across several key areas, including Management, Safety, Financial Strength, Growth, and Value. The company's P/E ratio is significantly higher than its industry peers, which may indicate overvaluation, but also investor optimism. The company's upcoming earnings report, scheduled for February 25, 2026, is anticipated to show significant growth, with EPS projected up 44.44% and revenue up 17.27% year-over-year. Analysts' estimates have been recently revised, reflecting current business trends. Pure Storage's hyperscaler business is a significant growth driver, fueled by demand for high-performance storage. Management expects continued momentum in the hyperscaler business.
Earnings Summary
Pure Storage, Inc. provides data storage and management technologies, products, and services in the United States and internationally, operating in the Technology sector within the Computer Hardware industry. The provided data only includes one quarter of earnings history. In Q4 2024, the company's EPS was $0.45, exceeding the estimated $0.42, with revenue at $879.84 million. The company beat EPS estimates in the single quarter provided. The provided data does not allow for a historical streak analysis. Recent news indicates Pure Storage is scheduled to release its fiscal Q4 and full-year 2026 earnings on February 25, with analysts projecting a 44.44% increase in EPS and a 17.27% rise in revenue year-over-year. The hyperscaler business remains a key growth driver for Pure Storage, fueled by demand for high-performance storage. Investors should watch for any shifts in analyst estimates and management's guidance on the hyperscaler business. The market will also be watching to see if the company's valuation is undervalued.

EPS

EstBeatMiss
$0.37$0.46$0.55$0.64$0.73Q4'24Q4'26
QtrEstActual+/−
Q4'26$0.66$0.69+4.7%
Q4'24$0.42$0.45+8.3%

Revenue

EstBeatMiss
$853M$911M$969M$1.0B$1.1BQ4'24Q4'26
QtrEstActual+/−
Q4'26$1.1B$1.1B+0.7%
Q4'24 - $880M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

PSTG Stock Snapshot

PSTG is currently trading at $74.05, giving PSTG a market cap of 24.38B and a P/E ratio of 187.0. Today's range spans $70.21–$75.46, with shares opening at $71.44 and moving up $3.29 (4.7%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 56/100.

Over the past year PSTG has traded between $34.51 and $100.59 - the current price is +114.6% off the 52-week low and -26.4% from the high.

Algorithmic and quant fund activity in PSTG tends to intensify when the technical score crosses the 82/100 threshold - systematic models in large-cap Technology names trigger entry signals at these levels, adding momentum to what may have started as fundamental-driven buying. Signal: BUY. Sentiment: neutral (56/100). Price: $74.05 (in the middle of its 52-week range). The current P/E ratio stands at 187.0. Annual range: $34.51–$100.59.

What makes PSTG's BUY setup (82/100) particularly actionable at 24.38B in Technology capitalization is the scale-to-move ratio: large enough to feature on institutional mandates but not so large that the percentage upside is already compressed by index inertia. At $74.05 (in the middle of its 52-week range in $34.51–$100.59), with sentiment running neutral at 56/100, the setup rewards conviction-sized positioning more than it does speculative small bets.

Recent News Coverage

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