Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Pure Storage ( (PSTG) ) is now available.
On June 24, 2025, Pure Storage announced the appointment of Tarek Robbiati as the new Chief Financial Officer. Robbiati brings extensive experience from previous roles at RingCentral, Hewlett Packard Enterprise, and Sprint Corporation. His appointment is accompanied by a comprehensive compensation package, including stock unit awards tied to performance metrics and market capitalization goals. This strategic leadership change follows the departure of former CFO Kevan Krysler, who will remain with the company to ensure a smooth transition.
The most recent analyst rating on (PSTG) stock is a Buy with a $63.00 price target. To see the full list of analyst forecasts on Pure Storage stock, see the PSTG Stock Forecast page.
Spark’s Take on PSTG Stock
According to Spark, TipRanks’ AI Analyst, PSTG is a Outperform.
The overall score reflects strong financial performance and positive earnings call sentiment as key strengths. However, high valuation metrics and mixed technical signals moderate the score. Continued focus on operational efficiency and strategic initiatives supports a positive outlook.
To see Spark’s full report on PSTG stock, click here.
More about Pure Storage
Pure Storage, Inc. operates in the data storage industry, providing innovative storage solutions and services. The company focuses on delivering storage-as-a-service offerings and aims to enhance its market position through strategic leadership appointments.
Average Trading Volume: 2,951,540
Technical Sentiment Signal: Buy
Current Market Cap: $16.86B
Find detailed analytics on PSTG stock on TipRanks’ Stock Analysis page.