Bank of America lifts target to USD 180 for Pure Storage stock

Published on 10/15/2026 at 22:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 1.19 billion in the second quarter. Pure Storage stock costs EUR 119.65 on October 15, 2026, 0.04 percent below the Xetra close.

Analyst target and quarterly growth

Bank of America raised its target to USD 180.00 from USD 150.00 on September 24, 2026.
Revenue reached USD 1.19 billion in the second quarter of fiscal 2027, up 38 percent year over year.
Pure Storage stock costs EUR 119.65 at Lang & Schwarz on October 15, 2026 at 10:37 p.m. CEST, 0.04 percent below the Xetra close of October 15, 2026.
The stock had a USD 44.5 billion market capitalization and a price-to-earnings ratio of 182.74 as of October 15, 2026.

Pure Storage, US74624M1027, Illustration mit AI erstellt.

Bank of America raised its target for Pure Storage, now Everpure, to USD 180.00 from USD 150.00 on September 24, 2026, according to Yahoo Finance. The target increase followed the company's fiscal 2028 outlook presented at its analyst day. Pure Storage stock was trading at EUR 119.65 at Lang & Schwarz on October 15, 2026 at 10:37 p.m. CEST, 0.04 percent below the Xetra close of October 15, 2026 at EUR 119.70.

Quarterly growth sets the pace

Pure Storage reported USD 1.19 billion in revenue for the second quarter of fiscal 2027 ended August 2, 2026, up 38 percent from the year-earlier period. Net income reached USD 74.1 million and diluted earnings per share came to USD 0.22 for the quarter, according to the standardized quarterly figures for the company.

The operating picture was positive but uneven. Operating margin was 5.00 percent in the second quarter, compared with 2.00 percent in the first quarter of fiscal 2027, while revenue rose from USD 1.05 billion to USD 1.19 billion between those periods.

Price position and trading range

The Xetra quote stood at EUR 119.70 at 3:31 p.m. CEST on October 15, 2026, while the Lang & Schwarz bid was EUR 118.90 and the ask was EUR 120.40 at 10:37 p.m. CEST. The German quote page showed a 52-week range of EUR 49.37 to EUR 140.15 on October 15, 2026, putting the Lang & Schwarz price 14.63 percent below the high.

On the New York Stock Exchange, the company traded under ticker P at USD 133.40 at 4:02 p.m. ET on October 15, 2026. The finance quote showed a USD 44.5 billion market capitalization, a price-to-earnings ratio of 182.74, volume of 6,289,112 shares and average volume of 4,701,431 shares on the same date.

Valuation and upcoming dates

Bank of America kept a Buy rating while lifting its target to USD 180.00 from USD 150.00 on September 24, 2026. At the USD 133.40 New York price, the target stood 34.93 percent above the share price. Pure Storage paid no dividend according to the October 15, 2026 market profile.

The company's investor-relations page identifies the listing as NYSE:P and labels the latest quarterly materials as second-quarter fiscal 2027. Its next scheduled corporate event was not listed on the investor calendar accessed for this report.

Comparison with peers

Pure Storage: minus 0.04 percent, P/E 182.74, market capitalization USD 44.5 billion

Nutanix (Nasdaq, USD): plus 0.19 percent, P/E 13.56, market capitalization USD 18.9 billion

Hewlett Packard Enterprise (NYSE, USD): minus 7.10 percent, P/E 30.54, market capitalization USD 77.8 billion

Price remains the daily signal

The valuation gap within the comparison group is wide, with Pure Storage's price-to-earnings ratio of 182.74 far above Nutanix's 13.56 and Hewlett Packard Enterprise's 30.54. For investors, the key question is whether the 38 percent fiscal second-quarter revenue growth can support the premium valuation.

Pure Storage was trading at EUR 119.65 at Lang & Schwarz on October 15, 2026 at 10:37 p.m. CEST, 0.04 percent below the Xetra close of October 15, 2026 at EUR 119.70. The further course of trading is shown by the continuously updated real-time quote of Pure Storage stock.