Everpure (NYSE:P) Price Target Raised to $119.00

Everpure (NYSE:P) had its target price hoisted by analysts at Morgan Stanley from $108.00 to $119.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 17.86% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Susquehanna upgraded shares of Everpure from a “neutral” rating to a “positive” rating and upped their price target for the stock from $85.00 to $120.00 in a research report on Monday, August 10th. DA Davidson set a $100.00 price objective on shares of Everpure in a research report on Wednesday, July 1st. Evercore restated an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Monday. Northland Securities set a $90.00 target price on shares of Everpure in a report on Thursday, May 28th. Finally, Lake Street Capital increased their price target on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Everpure presently has a consensus rating of “Moderate Buy” and an average price target of $114.95.

Everpure Stock Down 7.3%

NYSE:P opened at $100.97 on Thursday. The firm’s 50-day moving average is $84.72. The company has a market capitalization of $33.56 billion, a price-to-earnings ratio of 159.00, a PEG ratio of 5.72 and a beta of 1.45. Everpure has a 52-week low of $56.78 and a 52-week high of $119.10.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The firm’s quarterly revenue was up 37.7% on a year-over-year basis. On average, equities analysts anticipate that Everpure will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares in the company, valued at $627,856,278.40. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ajay Singh sold 9,787 shares of the stock in a transaction dated 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 $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. In the last 90 days, insiders have sold 827,800 shares of company stock valued at $78,153,882. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everpure

Several institutional investors have recently added to or reduced their stakes in P. California State Teachers Retirement System purchased a new position in shares of Everpure in the second quarter valued at $2,964,174,000. State Street Corp lifted its holdings in shares of Everpure by 0.8% in the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after acquiring an additional 88,583 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Everpure by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after acquiring an additional 207,317 shares during the last quarter. Norges Bank purchased a new position in Everpure in the fourth quarter worth about $265,327,000. Finally, Atreides Management LP purchased a new position in Everpure in the second quarter worth about $204,552,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Q2 results exceeded expectations. Everpure reported $0.70 in quarterly earnings per share and $1.19 billion in revenue. Revenue increased 37.7% year over year, while product revenue grew 54%, underscoring strong demand across the company’s storage portfolio. Everpure Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised its outlook substantially. Fiscal 2027 revenue guidance was increased to approximately $5.03 billion-$5.07 billion, representing 37%-38% growth, with operating income expected to rise about 50% to $940 million-$960 million. Third-quarter revenue guidance of roughly $1.33 billion was also well above consensus expectations. Everpure Reports Upbeat Q2 and Guides for Strong Full-Year Sales
• Positive Sentiment: Hyperscaler momentum is strengthening. Everpure secured a second top-five hyperscaler design win and reported accelerating adoption of its Evergreen One offering. Investors view these developments as validation of sustained AI-related data-storage demand, recurring revenue growth and the company’s software-led margin potential. Everpure Q2 2027 Earnings Call Highlights
• Positive Sentiment: Analyst sentiment improved. Needham raised its price target from $100 to $140 and assigned a “Buy” rating. Another analyst upgrade cited robust demand, premium pricing power and approximately 70% software-driven gross margins. Needham Raises Everpure Price Target
• Neutral Sentiment: Valuation remains a risk. Despite the improved outlook, Everpure trades at a very elevated earnings multiple, leaving the stock sensitive to any slowdown in AI spending, hyperscaler projects or execution.

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.