Everpure (NYSE:P) Price Target Raised to $145.00

Everpure (NYSE:P) had its price objective raised by JPMorgan Chase & Co. from $130.00 to $145.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Piper Sandler reiterated an “overweight” rating and set a $133.00 price target (up from $92.00) on shares of Everpure in a report on Thursday. Citigroup upped their price objective on Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and issued a $145.00 price objective on shares of Everpure in a research report on Thursday. TD Cowen lifted their target price on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Finally, DA Davidson set a $100.00 target price on Everpure in a report on Wednesday, July 1st. Seventeen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.10.

Everpure Price Performance

NYSE P opened at $93.57 on Thursday. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 128.18, a P/E/G ratio of 5.19 and a beta of 1.45. The stock’s fifty day moving average price is $85.59. Everpure has a 1 year low of $56.78 and a 1 year high of $119.10.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. Everpure’s revenue was up 37.7% on a year-over-year basis. As a group, sell-side analysts expect that Everpure will post 0.93 EPS for the current fiscal year.

Insider Transactions at Everpure

In other Everpure news, insider Ajay Singh sold 9,787 shares of the stock in a transaction that occurred 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 transaction, the insider owned 340,939 shares in the company, valued at $26,634,154.68. This represents a 2.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Colgrove sold 200,000 shares of the firm’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 transaction, the insider directly owned 6,474,080 shares in the company, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 827,800 shares of company stock worth $78,153,882. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Everpure

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

Key Headlines Impacting 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.