Everpure (NYSE:P) Price Target Raised to $130.00

Everpure (NYSE:P) had its price target boosted by Wedbush from $127.00 to $130.00 in a research note released on Thursday morning,Benzinga reports. Wedbush currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on P. DA Davidson set a $100.00 price objective on Everpure in a report on Wednesday, July 1st. Needham & Company LLC increased their price target on shares of Everpure from $100.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Barclays increased their price target on shares of Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Susquehanna upgraded Everpure from a “neutral” rating to a “positive” rating and boosted their price target for the company from $85.00 to $120.00 in a research note on Monday, August 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $140.00 price target on shares of Everpure in a report on Thursday, August 20th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.10.

Everpure Stock Performance

Shares of P stock opened at $93.57 on Thursday. The company has a market capitalization of $31.10 billion, a PE ratio of 128.18, a P/E/G ratio of 5.19 and a beta of 1.45. Everpure has a one year low of $56.78 and a one year high of $119.10. The business has a fifty day moving average price of $85.59.

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

Insider Buying and Selling

In other Everpure news, Director Susan J.S. Taylor sold 8,543 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the transaction, the director owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John Colgrove sold 64,815 shares of Everpure stock in a transaction on Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the completion of the sale, the insider owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. This trade represents a 1.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 827,800 shares of company stock worth $78,153,882. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Everpure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new position in Everpure during the 2nd quarter valued at about $2,964,174,000. Norges Bank bought a new position in Everpure in the fourth quarter valued at about $265,327,000. Atreides Management LP purchased a new position in shares of Everpure in the second quarter worth approximately $204,552,000. Polar Capital Holdings Plc increased its stake in shares of Everpure by 90.5% in the 3rd quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company’s stock worth $237,278,000 after purchasing an additional 1,345,207 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Everpure by 62.7% in the fourth quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after buying an additional 1,315,351 shares during the period. 83.42% of the stock is owned by hedge funds and other institutional investors.

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.