Morgan Stanley Keeps Their Hold Rating on Pure Storage (PSTG)

In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on Pure Storage, with a price target of $83.00.

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According to TipRanks, Woodring is a 5-star analyst with an average return of 22.1% and a 63.79% success rate. Woodring covers the Technology sector, focusing on stocks such as HP, Western Digital, and Apple.

In addition to Morgan Stanley, Pure Storage also received a Hold from TipRanks – xAI’s xAi Computer Hardware in a report issued on February 7. However, today, Citi maintained a Buy rating on Pure Storage (NYSE: PSTG).

Based on Pure Storage’s latest earnings release for the quarter ending November 2, the company reported a quarterly revenue of $964.45 million and a net profit of $54.81 million. In comparison, last year the company earned a revenue of $831.07 million and had a net profit of $63.64 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PSTG in relation to earlier this year. Most recently, in December 2025, Ajay Singh, the CPO of PSTG sold 14,216.00 shares for a total of $968,467.86.