Argus raises target to USD 184 for Pure Storage stock

Published on 10/20/2026 at 19:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 38 percent in second-quarter 2027. Pure Storage stock costs EUR 112.75 on October 20, 2026 at 7:35 p.m. CEST.

Analyst target and growth figures

Argus raised its Pure Storage target to USD 184.00 on October 14, 2026.
Second-quarter fiscal 2027 revenue reached USD 1.19 billion, up 38 percent year over year.
Pure Storage stock was priced at EUR 112.75 at Lang & Schwarz on October 20, 2026 at 7:35 p.m. CEST.
The stock's reported 52-week range was USD 56.78 to USD 153.46 as of October 19, 2026.

Pure Storage, US74624M1027, Illustration mit AI erstellt.

Argus raised its target for Pure Storage stock to USD 184.00 on October 14, 2026, according to Yahoo Finance. The report keeps the analyst focus on the storage provider's growth outlook rather than on a new corporate announcement.

Pure Storage stock was trading at EUR 112.75 at Lang & Schwarz on October 20, 2026 at 7:35 p.m. CEST.

Revenue growth stays central

Pure Storage reported USD 1.19 billion in revenue for the second quarter of fiscal 2027, up 38 percent from the same quarter a year earlier. Net income reached USD 74.1 million, compared with USD 47.2 million in the second quarter of fiscal 2026, while diluted earnings per share rose to USD 0.22 from USD 0.14, according to Simply Wall St.

The company also lifted its fiscal 2027 revenue outlook to USD 5.03 billion to USD 5.07 billion and projected non-GAAP operating income of USD 940 million to USD 960 million. That guidance gives the analyst target a fundamental comparison, but it also leaves execution and margin delivery as important variables for the valuation.

Valuation leaves little room

Simply Wall St reported a 52-week range of USD 56.78 to USD 153.46 and a one-year share-price gain of 63.90 percent as of October 19, 2026. The same source listed 18 analysts and a market capitalization of USD 49.1 billion, illustrating how far the equity has moved from its lower yearly level.

Pure Storage's own investor-relations page identifies the listing as NYSE:P and describes the business as an enterprise data-storage platform. The page lists fiscal second-quarter 2027 results and the company's September 30, 2026 product announcement, while its events section contains no scheduled event date.

Analyst target sets the benchmark

Argus's USD 184.00 target stands above the USD 127.09 share price shown in its October 14, 2026 report, a difference of 44.68 percent. That calculation uses the same USD denomination for the target and the report price. The euro quotation is a separate German-market indication.

Price and company profile

The Lang & Schwarz quotation places the stock in the after-hours phase for German investors. The current euro price is shown with its date and time, while the latest reported operating comparison remains the 38 percent second-quarter revenue increase.

The further course of trading is shown by the continuously updated real-time quote of Pure Storage stock.