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

Everpure (NYSE:P) had its price target lifted by Morgan Stanley from $108.00 to $119.00 in a report released on Thursday morning, MarketBeat reports. Morgan Stanley currently has an overweight rating on the stock.

P has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on shares of Everpure from $97.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday. William Blair restated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. DA Davidson set a $100.00 price objective on Everpure in a report on Wednesday, July 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $133.00 target price (up from $92.00) on shares of Everpure in a research report on Thursday. Finally, Evercore reiterated an “outperform” rating and set a $130.00 target price on shares of Everpure in a research note on Monday, August 24th. Seventeen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.10.

Everpure Stock Down 5.7%

Shares of Everpure stock opened at $93.57 on Thursday. The firm’s fifty day simple moving average is $85.59. Everpure has a 1 year low of $56.78 and a 1 year high of $119.10. The firm has a market cap 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 (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, sell-side analysts expect that Everpure will post 0.93 EPS for the current year.

Insider Buying and Selling

In other news, insider John Colgrove sold 64,815 shares of the company’s stock in a transaction on Friday, August 14th. The stock was 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 directly owned 6,074,080 shares of the company’s stock, valued at $713,339,955.20. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan J.S. Taylor sold 8,543 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total value 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 trade represents a 8.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 827,800 shares of company stock valued at $78,153,882. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in P. Corient Private Wealth LP acquired a new stake in shares of Everpure during the second quarter valued at approximately $3,085,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Everpure during the 2nd quarter worth approximately $7,609,000. California State Teachers Retirement System acquired a new stake in Everpure during the 2nd quarter valued at $2,964,174,000. Greenland Capital Management LP acquired a new stake in Everpure during the 2nd quarter valued at $604,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Everpure in the second quarter valued at $476,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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.