Citigroup Maintains Pure Storage (PSTG) Buy Recommendation

Fintel reports that on October 21, 2025, Citigroup maintained coverage of Pure Storage (NYSE:PSTG) with a Buy recommendation.

Analyst Price Forecast Suggests 5.94% Downside

As of September 30, 2025, the average one-year price target for Pure Storage is $85.46/share. The forecasts range from a low of $55.55 to a high of $110.25. The average price target represents a decrease of 5.94% from its latest reported closing price of $90.86 / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Pure Storage is 3,957MM, an increase of 18.11%. The projected annual non-GAAP EPS is 1.75, an increase of 10.01% from the prior forecast.

What is the Fund Sentiment?

There are 1,281 funds or institutions reporting positions in Pure Storage. This is an increase of 61 owner(s) or 5.00% in the last quarter. Average portfolio weight of all funds dedicated to PSTG is 0.27%, an increase of 11.68%. Total shares owned by institutions increased in the last three months by 1.88% to 324,007K shares. PSTG / Pure Storage, Inc. Put/Call Ratios The put/call ratio of PSTG is 0.64, indicating a bullish outlook.

What are Other Shareholders Doing?

FDGRX - Fidelity Growth Company Fund holds 16,018K shares representing 4.87% ownership of the company. In its prior filing, the firm reported owning 15,939K shares , representing an increase of 0.49%. The firm increased its portfolio allocation in PSTG by 3.75% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 10,123K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 10,105K shares , representing an increase of 0.18%. The firm increased its portfolio allocation in PSTG by 22.84% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,975K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 9,757K shares , representing an increase of 2.18%. The firm increased its portfolio allocation in PSTG by 18.63% over the last quarter.

T. Rowe Price Investment Management holds 9,051K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 9,076K shares , representing a decrease of 0.27%. The firm increased its portfolio allocation in PSTG by 23.81% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 7,608K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 7,733K shares , representing a decrease of 1.64%. The firm increased its portfolio allocation in PSTG by 19.81% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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