NYSE:PSTGTech
Is It Too Late To Consider Pure Storage (PSTG) After Strong Multi Year Share Gains?
If you are wondering whether Pure Storage is still a reasonable entry at around US$74 or if the easy value is gone, this article walks through what the current price might imply about the stock.
Pure Storage shares last closed at US$74.29, with returns of 3.6% over 7 days, 8.6% over 30 days, 7.7% year to date, 9.8% over 1 year and a very large gain over 3 years of around 1.5x, plus 179.2% over 5 years. This naturally raises questions about how expectations are now priced in.
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