Everpure, Inc. (NYSE:P) Stock Has Consensus Target Price of $138.25 According to Analysts

Everpure, Inc. (NYSE:P) has received a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $140.00.

P has been the subject of a number of analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $150.00 price target on shares of Everpure in a report on Thursday, September 24th. Needham & Company LLC boosted their price objective on Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Evercore restated an “outperform” rating and issued a $145.00 target price on shares of Everpure in a research note on Thursday, September 24th. Finally, Susquehanna reaffirmed a “positive” rating and set a $145.00 target price on shares of Everpure in a report on Thursday, August 27th.

Everpure Price Performance

P opened at $154.75 on Wednesday. The stock has a market capitalization of $51.57 billion, a P/E ratio of 211.99, a price-to-earnings-growth ratio of 5.02 and a beta of 1.39. The stock has a 50-day simple moving average of $110.18. Everpure has a twelve month low of $56.78 and a twelve month high of $157.05.

Everpure (NYSE:P) last announced its quarterly earnings results 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 net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The business’s quarterly revenue was up 37.7% on a year-over-year basis. On average, research analysts expect that Everpure will post 0.95 earnings per share for the current year.

More Everpure News

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: AI and hyperscale growth remain the primary catalysts. Recent coverage points to expanding enterprise-storage demand, new hyperscale solutions and opportunities beyond traditional storage, including a potentially larger market in India as AI adoption accelerates. Everpure six-month rally and outlook
• Positive Sentiment: Management is emphasizing sustained enterprise momentum. Everpure’s CEO said the company has been gaining enterprise market share for 14 years, while executives are urging partners to pursue broader data-management and software opportunities. These comments reinforce expectations for continued growth beyond core storage hardware. Everpure CEO enterprise market-share comments
• Positive Sentiment: Needham raised its price target from $150 to $185 and maintained a Buy rating. The revision reflects confidence that hyperscale solutions and modern data software can expand Everpure’s long-term total addressable market. Needham price-target increase
• Neutral Sentiment: Valuation is a significant risk. Everpure trades at more than 200 times earnings, and analysts expect continued rapid growth to justify the premium. Its latest reported quarter was strong, with revenue up 37.7% year over year and earnings well above estimates, but expectations are now elevated. Everpure valuation analysis
• Negative Sentiment: Director Mallun Yen sold approximately $1.76 million of stock. The sale reduced her position by 27.59%, although it was conducted under a pre-arranged Rule 10b5-1 trading plan and therefore may be less significant than discretionary selling. Everpure director stock sale filing

Insider Buying and Selling

In related news, insider Ajay Singh sold 42,930 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $124.17, for a total transaction of $5,330,618.10. Following the completion of the transaction, the insider owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider directly owned 6,474,080 shares in the company, valued at $627,856,278.40. This trade represents a 3.00% 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. Insiders sold 947,444 shares of company stock valued at $99,631,875 over the last 90 days. 5.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Everpure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC raised its holdings in shares of Everpure by 3.6% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 2,113 shares of the company’s stock valued at $276,000 after buying an additional 73 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Everpure in the second quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in Everpure by 12.3% in the third quarter. Farther Finance Advisors LLC now owns 3,562 shares of the company’s stock worth $466,000 after buying an additional 389 shares in the last quarter. Cibc World Market Inc. boosted its stake in Everpure by 1.9% in the fourth quarter. Cibc World Market Inc. now owns 21,794 shares of the company’s stock worth $1,460,000 after buying an additional 397 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Everpure by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 10,154 shares of the company’s stock valued at $599,000 after acquiring an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure Company Profile

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.