Everpure (NYSE:P) Price Target Raised to $140.00

Everpure (NYSE:P) had its price objective upped by Needham & Company LLC from $100.00 to $140.00 in a research note published on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

P has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Everpure from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $87.00 to $108.00 in a research report on Monday, August 10th. Piper Sandler reiterated an “overweight” rating on shares of Everpure in a research report on Thursday, May 28th. Evercore reissued an “outperform” rating and set a $130.00 price objective on shares of Everpure in a research note on Monday, August 24th. Guggenheim lifted their price objective on Everpure from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Everpure currently has an average rating of “Moderate Buy” and an average target price of $129.10.

Everpure Price Performance

Everpure stock opened at $93.57 on Thursday. The firm has a market capitalization of $31.10 billion, a P/E ratio of 128.18, a price-to-earnings-growth 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 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. Equities research analysts forecast that Everpure will post 0.93 EPS for the current year.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the transaction, the insider owned 6,474,080 shares of the company’s stock, valued at $627,856,278.40. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of Everpure stock in a transaction 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 completion of the transaction, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. This trade represents a 2.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 827,800 shares of company stock valued at $78,153,882 in the last ninety days. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of 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 stake in Everpure during the second quarter valued at about $2,964,174,000. Norges Bank purchased a new position in shares of Everpure in the 4th quarter worth about $265,327,000. Atreides Management LP acquired a new position in shares of Everpure in the 2nd quarter valued at about $204,552,000. Polar Capital Holdings Plc lifted 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 valued at $237,278,000 after purchasing an additional 1,345,207 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after purchasing an additional 1,315,351 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Key Everpure News

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

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.