Pure Storage (PSTG) Receives a Rating Update from a Top Analyst

In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Buy rating on Pure Storage, with a price target of $100.00. The company’s shares closed yesterday at $73.59.

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Rakers covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and Micron. According to TipRanks, Rakers has an average return of 37.7% and a 70.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pure Storage with a $94.76 average price target, implying a 28.77% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $90.00 price target.

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.