JPMorgan Chase & Co. Boosts Everpure (NYSE:P) Price Target to $145.00

Everpure (NYSE:P) had its price target increased by investment analysts at JPMorgan Chase & Co. from $130.00 to $145.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 46.46% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC raised their price objective on shares of Everpure from $100.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Everpure from $108.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group increased their price target on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday. William Blair restated an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Finally, Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday, May 28th. 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 company’s stock. Based on data from MarketBeat.com, Everpure has a consensus rating of “Moderate Buy” and a consensus target price of $121.80.

Everpure Stock Down 9.1%

Shares of P traded down $9.90 during mid-day trading on Thursday, reaching $99.00. The company had a trading volume of 5,092,961 shares, compared to its average volume of 3,311,770. Everpure has a 52-week low of $56.78 and a 52-week high of $119.10. The firm has a market capitalization of $32.91 billion, a PE ratio of 150.53, a P/E/G ratio of 5.72 and a beta of 1.45. The company has a 50 day moving average price of $84.72.

Everpure (NYSE:P) last posted its earnings results on Wednesday, August 26th. The company reported $0.70 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 firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. Analysts anticipate that Everpure will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 200,000 shares of the 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 completion of the sale, the insider directly owned 6,474,080 shares of the company’s stock, valued at approximately $627,856,278.40. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total value of $764,560.44. Following the sale, the insider owned 340,939 shares of the company’s stock, valued at $26,634,154.68. This trade represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 827,800 shares of company stock worth $78,153,882. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Everpure during the second quarter worth about $7,609,000. California State Teachers Retirement System bought a new stake in shares of Everpure during the second quarter valued at approximately $2,964,174,000. Greenland Capital Management LP acquired a new position in shares of Everpure during the second quarter worth approximately $604,000. Ameritas Advisory Services LLC acquired a new stake in Everpure in the 2nd quarter valued at approximately $476,000. Finally, Wedmont Private Capital acquired a new stake in Everpure in the second quarter worth approximately $531,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported fiscal Q2 revenue of $1.19 billion, up 37.7% year over year, while earnings of $0.70 per share exceeded estimates. Product revenue increased 54%, highlighting strong demand for the company’s data-storage solutions. Everpure Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to approximately $5.03 billion-$5.07 billion, representing roughly 37%-38% growth, and expects operating income of $940 million-$960 million. Third-quarter revenue guidance of about $1.33 billion was also well above analysts’ expectations. Everpure’s Q2 Earnings Call Centers on Sustainable Growth
• Positive Sentiment: The earnings call emphasized enterprise demand, market-share gains, a second top-five hyperscaler design win and accelerating adoption of the Evergreen//One platform. These developments reinforce the company’s exposure to AI-related data-storage growth and recurring software revenue. Everpure Q2 2027 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish: Morgan Stanley raised its target to $119 with an overweight rating, Wedbush lifted its target to $130, Needham to $140 and Guggenheim reaffirmed a buy rating with a $150 target.
• Neutral Sentiment: Despite the favorable outlook, Everpure trades at a demanding valuation, with a P/E ratio above 150. Investors may require continued large earnings beats to support further gains.
• Negative Sentiment: Management cited higher component costs, which could pressure margins even as revenue accelerates. The combination of elevated expectations and potential cost pressure may be encouraging short-term profit-taking after the stock reached a 52-week high of $119.10.

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.