Wall Street Zen Upgrades Everpure (NYSE:P) to “Strong-Buy”

Everpure (NYSE:P) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on P. DA Davidson set a $100.00 target price on Everpure in a report on Wednesday, July 1st. Lake Street Capital reissued a “buy” rating and set a $120.00 target price on shares of Everpure in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler reissued an “overweight” rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a report on Thursday. Finally, Wells Fargo & Company increased their price objective on Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.10.

Everpure Trading Down 5.7%

Shares of P stock traded down $5.67 on Friday, reaching $93.57. 3,253,644 shares of the company were exchanged, compared to its average volume of 3,553,885. Everpure has a one year low of $56.78 and a one year high of $119.10. The stock has a market capitalization of $31.10 billion, a P/E ratio of 128.18, a price-to-earnings-growth ratio of 5.52 and a beta of 1.45. The firm has a 50-day simple moving average of $85.59.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion during the quarter. Everpure’s revenue was up 37.7% compared to the same quarter last year. Equities research analysts predict that Everpure will post 0.93 EPS for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total transaction of $764,560.44. Following the transaction, the insider directly owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew William Fraser Brown sold 4,735 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the completion of the sale, the director owned 27,683 shares of the company’s stock, valued at approximately $2,008,955.31. The trade was a 14.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 827,800 shares of company stock worth $78,153,882. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Everpure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its position in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 375 shares during the last quarter. Continuum Advisory LLC purchased a new stake in Everpure during the 2nd quarter valued at $29,000. Banque Transatlantique SA bought a new stake in Everpure in the 3rd quarter worth $29,000. Finally, Reflection Asset Management purchased a new position in shares of Everpure in the fourth quarter valued at about $32,000. 83.42% of the stock is currently owned by institutional investors.

Everpure News Summary

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure delivered a substantial second-quarter beat: revenue rose 37.7% year over year to approximately $1.19 billion, while non-GAAP earnings reached $0.70 per share, exceeding consensus estimates. The company also issued stronger-than-expected fiscal 2027 revenue guidance, reflecting improved visibility and confidence in converting its sales pipeline. P Q2 Deep Dive
• Positive Sentiment: Growth catalysts include a second design win with a top-five hyperscaler, accelerating Evergreen//One Storage-as-a-Service adoption, enterprise share gains and rising demand from AI data centers seeking better power and rack efficiency. Management said market-share momentum is exceeding reported revenue growth. Hyperscaler win
• Positive Sentiment: Analyst sentiment improved sharply. Bank of America upgraded Everpure to Buy and lifted its price target to $150 from $90, while JPMorgan, Northland, Morgan Stanley, Needham, Wedbush and Guggenheim also raised targets or maintained bullish ratings. BofA cited hyperscaler-related metrics behind its reversal. BofA upgrade
• Neutral Sentiment: Everpure raised fiscal 2027 revenue guidance to roughly $5.03 billion-$5.07 billion, with operating income expected to grow about 50%. The outlook supports the long-term growth case, but the stock’s recent rally has increased expectations and reduced room for execution disappointments. Everpure guidance and hyperscaler outlook
• Negative Sentiment: Despite the earnings beat, investors remain concerned about higher component costs, operating margins and free cash flow. At a valuation above 128 times earnings, some analysts argue Everpure could still be approximately 30% below fair value even after the guidance increase, suggesting the market is already pricing in significant AI and hyperscaler success. Everpure fair value analysis

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.