Everpure (NYSE:P) Stock Price Expected to Rise, Wedbush Analyst Says

Everpure (NYSE:P) had its price objective upped by analysts at Wedbush from $127.00 to $130.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 19.92% from the stock’s current price.

P has been the topic of a number of other reports. Northland Securities set a $90.00 price target on shares of Everpure in a research report on Thursday, May 28th. Citigroup reiterated a “buy” rating on shares of Everpure in a research note on Thursday. UBS Group restated a “sell” rating on shares of Everpure in a research note on Thursday. Barclays upped their target price on Everpure from $81.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, Morgan Stanley upgraded Everpure from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $87.00 to $108.00 in a research report on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.40.

Everpure Stock Performance

P stock opened at $108.41 on Thursday. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 164.26, a P/E/G ratio of 5.72 and a beta of 1.45. Everpure has a 12-month low of $56.78 and a 12-month high of $119.10. The firm’s 50 day moving average price is $84.72.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 37.7% compared to the same quarter last year. On average, equities research analysts forecast that Everpure will post 0.93 earnings per share for the current fiscal year.

Insider Activity at Everpure

In related news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the sale, the insider directly owned 340,939 shares in the company, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. 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 stock in a transaction that occurred on Monday, August 10th. The shares were 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 approximately $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 827,800 shares of company stock worth $78,153,882 in the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

A number of institutional investors have recently bought and sold shares of P. Sunbelt Securities Inc. boosted its holdings in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after buying an additional 244 shares during the period. Cornerstone Planning Group LLC grew its position in Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 375 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Everpure in the second quarter valued at $29,000. Banque Transatlantique SA acquired a new stake in shares of Everpure in the third quarter worth $29,000. Finally, Reflection Asset Management acquired a new position in Everpure during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure News Summary

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.