Everpure (NYSE:P) Rating Increased to Strong-Buy at Wall Street Zen

Everpure (NYSE:P) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts also recently weighed in on P. TD Cowen boosted their price target on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $133.00 price objective (up from $92.00) on shares of Everpure in a research report on Thursday. Barclays increased their price target on Everpure from $84.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America raised Everpure from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $150.00 in a report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective on shares of Everpure in a report on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.10.

Everpure Stock Down 5.7%

P stock traded down $5.67 during trading hours on Friday, reaching $93.57. The stock had a trading volume of 3,253,644 shares, compared to its average volume of 3,553,885. The company’s 50-day moving average is $85.59. Everpure has a fifty-two week low of $56.78 and a fifty-two week high of $119.10. The company has a market capitalization of $31.10 billion, a PE ratio of 128.18, a PEG ratio of 5.52 and a beta of 1.45.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.51. The company 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 business’s revenue was up 37.7% on a year-over-year basis. As a group, sell-side analysts predict that Everpure will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the transaction, the insider owned 340,939 shares of the company’s stock, valued at $26,634,154.68. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $627,856,278.40. This represents a 3.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 827,800 shares of company stock worth $78,153,882 in the last 90 days. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Everpure

Several institutional investors and hedge funds have recently added to or reduced their stakes in P. Paradigm Capital Management Inc. NY acquired a new position in shares of Everpure in the 2nd quarter worth approximately $2,127,000. PFA Pension Forsikringsaktieselskab bought a new position in Everpure during the fourth quarter worth $10,948,000. S&CO Inc. acquired a new position in Everpure in the second quarter valued at $15,003,000. ClearAlpha Technologies LP acquired a new stake in Everpure during the 4th quarter worth about $971,000. Finally, National Pension Service raised its position in shares of Everpure by 782.9% in the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock worth $44,606,000 after acquiring an additional 590,274 shares in the last quarter. Institutional investors 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.