Professional
Added to YB: 2025-09-08
Pitch date: 2025-09-04
PSTG [bearish]
Pure Storage, Inc.
+10.3%
current return
Author Info
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Company Info
Pure Storage, Inc. provides data storage and management technologies, products, and services in the United States and internationally.
Market Cap
$25.8B
Pitch Price
$79.51
Price Target
35.00 (-51%)
Dividend
N/A
EV/EBITDA
90.07
P/E
191.64
EV/Sales
7.30
Sector
Technology Hardware, Storage and Peripherals
Category
N/A
Pure Storage, Inc. (PSTG): A Flash in the Pan
PSTG short: Enterprise storage co at $27B mcap w/ modest growth, declining differentiation. Claims QLC flash will replace HDDs in datacenters false - HDDs retain 5-6x TCO advantage per analysis. Meta software deal overhyped; narrow/replicable capabilities, no hardware sales. AI players DDN/WEKA/VAST threaten position. Core AFA market stagnant, margins pressured by Pure//E products. $35 target = 55% downside from peak multiples vs commodity reality.
Read full article (44 min)