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Is this Large Market Cap Stock target price reasonable for Pure Storage, Inc. (NYSE:PSTG)?

The company in question is, Pure Storage, Inc. (NYSE:PSTG) currently with a stock price of 13.18 (0.08% today). The market cap for Pure Storage, Inc. is 2629.92, and is in the sector Technology, and Data Storage Devices industry. The target price for Pure Storage, Inc. is 16.6. Currently Pure Storage, Inc. is trading with a P/E of *TBA, and a forward P/E of *TBA. Average volume for Pure Storage, Inc. is 1295.86 and so far today it is 496440.

Performance in the last year for Pure Storage, Inc. has been -33.28%. For EPS growth, Pure Storage, Inc. has seen a growth of -161.80%, and is looking to grow in the next year to 30.20%. More long term stats show that EPS growth has been *TBA over the last five years and could be 35.00% for the next five years. Pure Storage, Inc. has seen sales growth quarter over quarter at 92.70%, with EPS growth quarter over quarter at 10.40%. The 20-day simple moving average is 0.38%, with the 200-day simple moving average coming to 1.25%.

Since the IPO date for Pure Storage, Inc. on the 10/07/2015, Pure Storage, Inc. has seen performance year to date to be -15.41%. With Pure Storage, Inc. trading at 13.18, the dividend yield is *TBA, and the EPS is -1.63.

So could Pure Storage, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 4.5 and the P/B is at 4.93. The P/cash is 4.61, with P/free cash flow at *TBA.

Pure Storage, Inc. ability to deal with debt shows that the current ratio is 3.5, and the quick ratio is 3.3. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Pure Storage, Inc. has a gross margin of 64.60%, an operating margin of -38.10% and a profit margin of -38.30%.Payout ratio for Pure Storage, Inc. is *TBA. Return on assets come to -26.30% with return on investment coming to -37.60%.

Insider ownership for Pure Storage, Inc., is at *TBA and institutional ownership comes to 96.80%. Outstanding shares are at 199.69. While shares float is 71.81. The float short is currently 26.09%, and short ratio is 14.46.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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