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Here's Why Pure Storage (PSTG) is a Strong Momentum Stock

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Pure Storage (PSTG)

Founded in 2009 and headquartered in Mountain View, CA, Pure Storage Inc. (PSTG) provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers.

PSTG boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Pure Storage has seen some interesting price action recently; the stock is down 3.4% over the past one week and up 9.9% over the past four weeks. And in the last one-year period, PSTG has gained 80%. As for the stock's trading volume, 4,503,143 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For PSTG, six analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $1.63 per share for 2025. PSTG boasts an average earnings surprise of 25%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding PSTG to their portfolios.

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Pure Storage, Inc. (PSTG) : Free Stock Analysis Report

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Zacks Investment Research