Everpure (NYSE:P) Price Target Raised to $128.00

Everpure (NYSE:P) had its price target lifted by Northland Securities from $90.00 to $128.00 in a research note published on Friday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also issued reports on P. Piper Sandler restated an “overweight” rating and issued a $133.00 price objective (up from $92.00) on shares of Everpure in a report on Thursday. Evercore reaffirmed an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Monday, August 24th. Wells Fargo & Company lifted their price target on shares of Everpure from $97.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley lifted their price target on shares of Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Citigroup boosted their price target on shares of Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research note 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 company’s stock. According to data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.10.

Everpure Stock Performance

P stock opened at $93.57 on Friday. Everpure has a 52-week low of $56.78 and a 52-week high of $119.10. The firm has a market capitalization of $31.10 billion, a PE ratio of 128.18, a price-to-earnings-growth ratio of 3.85 and a beta of 1.45. The stock’s fifty day simple moving average is $85.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm’s revenue was up 37.7% on a year-over-year basis. As a group, analysts predict that Everpure will post 0.93 EPS for the current fiscal year.

Insider Transactions at Everpure

In related news, Director Andrew William Fraser Brown sold 4,735 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the transaction, the director owned 27,683 shares of the company’s stock, valued at approximately $2,008,955.31. This represents a 14.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan J.S. Taylor sold 8,543 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value of $698,304.82. Following the transaction, the director owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This trade represents a 8.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 827,800 shares of company stock worth $78,153,882 over the last quarter. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. boosted its position in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the period. Banque Transatlantique SA acquired a new position in shares of Everpure in the third quarter worth $29,000. Continuum Advisory LLC purchased a new stake in shares of Everpure during the second quarter worth $29,000. Cornerstone Planning Group LLC raised its stake in shares of Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 375 shares in the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in shares of Everpure in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Key Headlines Impacting Everpure

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.