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PSTG Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: PSTG's growth fundamentals, bolstered by strong AI demand and effective cost management, position it for upward momentum. Current implied volatility trends signal potential bullish price action as market uncertainties reduce.



Bearish Case: High valuation ratios and declining historical returns indicate potential risks. If economic headwinds materialize or sentiment shifts negatively, PSTG could face significant downward pressure.



Potential Outcomes:

1. Continued growth with 60% likelihood; target $60+ (upside from AI and tech growth).

2. 25% chance of stagnation around $52; sustained volatility.

3. 15% chance of sharp drop to $45 due to macroeconomic pressures or poor earnings.



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October 30, 2024


Pure Storage Forecast

PSTG        Pure Storage

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Correlated Assets

Assets that tend to move strongly with PSTG


QCOM Forecast + Options Trading Strategies   QCOM  Qualcomm (0.91)


AMAT Forecast + Options Trading Strategies   AMAT  Applied Materials (0.87)


CAMT Forecast + Options Trading Strategies   CAMT  Camtek (0.87)


NXPI Forecast + Options Trading Strategies   NXPI  NXP Semiconductors (0.87)


MU Forecast + Options Trading Strategies   MU  Micron Technology (0.87)



Uncorrelated Assets

Assets with little price relationship to PSTG


VNQ Forecast + Options Trading Strategies   VNQ  Vanguard Real Estate Index (0.0)


NCLH Forecast + Options Trading Strategies   NCLH  Norwegian Cruise Line (-0.0)


BW Forecast + Options Trading Strategies   BW  Babcock & Wilcox Enterprises (-0.0)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (-0.0)


PCOR Forecast + Options Trading Strategies   PCOR  Procore (0.01)



Anticorrelated Assets

Assets that tend to move strongly against PSTG


LEG Forecast + Options Trading Strategies   LEG  Leggett & Platt (-0.79)


ROKU Forecast + Options Trading Strategies   ROKU  Roku (-0.79)


FUBO Forecast + Options Trading Strategies   FUBO  fuboTV (-0.8)


PTLO Forecast + Options Trading Strategies   PTLO  Portillos (-0.82)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.83)







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