Susquehanna has downgraded Pure Storage Inc (PSTG) to Neutral from Positive, reflecting a shift in sentiment regarding the company's outlook. The decision, effective December 2, 2025, comes as the firm currently trades at $69.82.
This revision suggests increased caution, potentially due to competitive pressures, evolving market conditions, or execution risks that may affect Pure Storage's performance. The company, headquartered in Santa Clara, California, specializes in innovative data storage solutions, employing approximately 6,000 people. Its offerings include the Evergreen Architecture, FlashArray, and FlashBlade, designed to manage both structured and unstructured data across various environments.
As of December 1, 2025, analyst consensus indicates a Buy rating, with 7 Strong Buy, 13 Buy, 6 Hold, 1 Sell, and no Strong Sell ratings among 27 analysts. This update provides insight into the broader market dynamics affecting Pure Storage, particularly as the company prepares for upcoming earnings reports, with EPS estimates of $0.65 and revenue expectations of $1.1 billion for November 16, 2026.
Analyst ratings and price targets are based on extensive research and financial modeling. While they offer valuable insights, these assessments are contingent on various assumptions that may not materialize. Investors are encouraged to consider multiple factors, including company fundamentals and industry trends, when making decisions. Analyst opinions should serve as one of many inputs in the investment process, as ratings can evolve with new information and differing analyst perspectives.