Everpure (NYSE:P) Upgraded at Bank of America

Bank of America upgraded shares of Everpure (NYSE:P) from a neutral rating to a buy rating in a report released on Thursday morning,Benzinga reports. They currently have $150.00 target price on the stock, up from their previous target price of $90.00.

P has been the topic of several other research reports. Piper Sandler reaffirmed an “overweight” rating and set a $133.00 price objective (up from $92.00) on shares of Everpure in a research note on Thursday. Guggenheim reissued a “buy” rating and issued a $150.00 target price on shares of Everpure in a research note on Thursday. Needham & Company LLC increased their price target on Everpure from $100.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and issued a $140.00 price target on shares of Everpure in a report on Thursday, August 20th. Finally, Zacks Research lowered Everpure from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Seventeen equities research 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 data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and a consensus target price of $129.10.

Everpure Price Performance

Shares of NYSE:P opened at $93.57 on Thursday. The firm has a 50 day moving average price of $85.59. The company has a market capitalization of $31.10 billion, a P/E ratio of 128.18, a PEG ratio of 5.19 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 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. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. Everpure’s revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, equities analysts forecast that Everpure will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider directly owned 6,474,080 shares in the company, valued at $627,856,278.40. The trade was a 3.00% 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, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 827,800 shares of company stock valued at $78,153,882. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Everpure

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Everpure in the 1st quarter valued at approximately $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Everpure by 129.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock worth $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Everpure by 109.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock worth $50,377,000 after acquiring an additional 595,307 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Everpure by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after purchasing an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Everpure by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after purchasing an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure News Roundup

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.