A resilient balance sheet with low debt-to-equity (0.25) supports PSTG’s growth investments, bolstering the "pstg stock forecast 2025" outlook even in potential rate-sensitive environments. Headquartered in Mountain View, CA, Pure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. Its primary offerings are FlashArray and FlashBlade products, which include FlashArray//C, FlashArray//XL, FlashArray File Services, FlashBlade//S and FlashBlade//E. The decline appears to be a case of investors taking profits after shares surged 32.3% to a new all-time high. That record-setting jump was fueled by the enterprise data-storage company's stellar second-quarter earnings report, which blew past Wall Street's expectations. Pure Storage reported revenues of $861 million and earnings per share of 43 cents, beating consensus estimates of $846 million and 39 cents, respectively. The strong performance was largely driven by a partnership with Meta Platforms. Furthermore, the company raised its full-year revenue forecast, signaling confidence in its future performance, which prompted analysts at firms like Needham and Raymond James to raise their price targets. This shift supports valuation re-rating.