Pure Storage Set for Q3 Earnings Report; Analysts Adjust Forecasts

Pure Storage, Inc. (NYSE:PSTG) is preparing to disclose its earnings results for the third quarter on December 2, 2025. The company, headquartered in Santa Clara, California, is expected to report quarterly earnings of 58 cents per share, a notable increase from 50 cents per share in the same period last year. Analysts anticipate that Pure Storage will generate quarterly revenue of approximately $956.48 million, up from $831.07 million a year prior, according to data from Benzinga Pro.

On November 4, 2025, Pure Storage appointed Patrick Finn as chief revenue officer, a move that may further influence the company’s growth strategy. Following this announcement, shares of Pure Storage declined by 0.5%, closing at $88.55 on Monday.

Analysts Update Price Targets and Ratings

Recent evaluations from Wall Street’s leading analysts have adjusted their forecasts for Pure Storage. Erik Woodring of Morgan Stanley maintained an Equal-Weight rating and raised the price target from $72 to $90 on November 17, 2025. Woodring’s accuracy rate stands at 76%.

Meanwhile, Asiya Merchant from Citigroup has upheld a Buy rating while increasing the price target from $81 to $110 on October 21, 2025. Merchant boasts an impressive accuracy rate of 87%.

Adding to the positive sentiment, Amit Daryanani of Evercore ISI Group maintained an Outperform rating, adjusting the price target from $90 to $105 on October 20, 2025, with an accuracy rate of 79%.

Furthermore, Simon Leopold from Raymond James held an Outperform rating and raised the price target from $88 to $99 on October 17, 2025, reflecting a 74% accuracy rate. Finally, Aaron Rakers of Wells Fargo maintained an Overweight rating and increased the price target from $80 to $100 on September 26, 2025, achieving an accuracy rate of 84%.

As investors consider acquiring PSTG stock, the recent analyst ratings and adjusted price targets may provide valuable insights into the company’s future performance. Benzinga readers can access the latest updates on analyst ratings through the Analyst Stock Ratings page, allowing them to sort by stock ticker, company name, analyst firm, and rating changes.

In summary, with an upcoming earnings report and a series of positive analyst adjustments, Pure Storage continues to attract attention in the tech sector.