Pure Storage Set for Q3 Earnings Release; Wall Street Updates Forecasts

Pure Storage, Inc. (NYSE:PSTG) is preparing to announce its third-quarter earnings after the market closes on December 2, 2025. Analysts anticipate that the company, based in Santa Clara, California, will report earnings of 58 cents per share, a notable increase from 50 cents per share in the same quarter of the previous year. The consensus estimate for quarterly revenue stands at approximately $956.48 million, up from $831.07 million reported a year earlier, according to data from Benzinga Pro.

In a strategic move, Pure Storage recently appointed Patrick Finn as its chief revenue officer on November 4, 2025. This leadership change comes as the company aims to strengthen its market position and drive future growth. Following this announcement, shares of Pure Storage saw a slight decline, closing down 0.5% at $88.55 on Monday.

Analyst Ratings and Forecast Changes

Recent updates from Wall Street analysts indicate a generally optimistic outlook for Pure Storage. Notably, Erik Woodring of Morgan Stanley maintained an Equal-Weight rating while raising the price target from $72 to $90 on November 17, 2025. Woodring boasts an accuracy rate of 76%, reflecting his reliability in stock predictions.

Meanwhile, Asiya Merchant from Citigroup has reaffirmed a Buy rating, increasing her price target from $81 to $110 on October 21, 2025. Merchant’s accuracy rate is impressive at 87%, showcasing her strong track record in the sector.

Other analysts have also provided positive revisions. Amit Daryanani of Evercore ISI Group maintained an Outperform rating, raising the price target from $90 to $105 on October 20, 2025, with an accuracy rate of 79%. Simon Leopold from Raymond James echoed this sentiment, maintaining an Outperform rating and increasing the price target from $88 to $99 on October 17, 2025, holding an accuracy rate of 74%.

Finally, Aaron Rakers of Wells Fargo has also kept an Overweight rating while raising his price target from $80 to $100 on September 26, 2025. Rakers has an accuracy rate of 84%, further adding to the positive sentiment surrounding Pure Storage.

As investors consider the prospects for PSTG stock, the recent updates from analysts provide a comprehensive view of the company’s potential trajectory. With a mix of new leadership and optimistic forecasts, Pure Storage is poised for an interesting earnings announcement on December 2.

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