Pure Storage (PSTG, $16.91) gets rating boost and price target hike from Goldman Sachs
Pure Storage shares climbed by as much as 6% Thursday, following a rating upgrade at Goldman Sachs.
Analysts at Goldman Sachs raised their rating on the all-flash data storage hardware/software company’s stock to buy from neutral.
Goldman also increased its price target on the shares to $21 from $18, according to Bloomberg.
Goldman cited Pure Storage ‘s potential to gain market share on the back of its new products and mid-market exposure. Goldman analysts also think that the stock is "relatively undervalued" compared to its peers. The analysts expect "potential for the multiple to re-rate in the future as execution gets better."
PSTG in upward trend: price rose above 50-day moving average on August 22, 2025
PSTG moved above its 50-day moving average on August 22, 2025 date and that indicates a change from a downward trend to an upward trend. In of 33 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 27, 2025. You may want to consider a long position or call options on PSTG as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PSTG just turned positive on August 27, 2025. Looking at past instances where PSTG's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for PSTG moved above the 200-day moving average on August 06, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSTG advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSTG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PSTG broke above its upper Bollinger Band on August 28, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PSTG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PSTG's P/B Ratio (20.408) is very high in comparison to the industry average of (4.237). PSTG has a moderately high P/E Ratio (201.689) as compared to the industry average of (43.498). Projected Growth (PEG Ratio) (1.633) is also within normal values, averaging (1.474). PSTG's Dividend Yield (0.000) is considerably lower than the industry average of (0.026). P/S Ratio (8.368) is also within normal values, averaging (259.536).
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General Information
a provider of flash-based storage solutions
Industry ComputerProcessingHardware
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