Wedbush Increases Everpure (NYSE:P) Price Target to $130.00

Everpure (NYSE:P) had its price objective lifted 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 target price points to a potential upside of 19.92% from the company’s current price.

Other analysts have also recently issued research reports about the company. UBS Group restated a “sell” rating on shares of Everpure in a report on Thursday. Zacks Research downgraded shares of Everpure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of Everpure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. William Blair reaffirmed an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. Finally, DA Davidson set a $100.00 price target on shares of Everpure in a research note on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.40.

Everpure Stock Up 5.4%

Shares of P opened at $108.41 on Thursday. Everpure has a 1 year low of $56.78 and a 1 year high of $119.10. The firm’s 50 day moving average price is $84.72. The stock has a market capitalization of $36.04 billion, a P/E ratio of 164.26, a price-to-earnings-growth ratio of 5.72 and a beta of 1.45.

Everpure (NYSE:P) last issued its quarterly earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company had revenue of $1.19 billion during the quarter. The company’s revenue was up 37.7% on a year-over-year basis. As a group, equities research analysts expect that Everpure will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at Everpure

In related news, 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 completion of the sale, the insider 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 position. The transaction was disclosed in a document filed 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 Everpure 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 directly 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. 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. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

A number of hedge funds have recently made changes to their positions in the business. Paradigm Capital Management Inc. NY bought a new position in Everpure during the 2nd quarter valued at $2,127,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Everpure in the 4th quarter worth about $10,948,000. S&CO Inc. bought a new stake in shares of Everpure in the 2nd quarter worth about $15,003,000. National Pension Service raised its stake in shares of Everpure by 782.9% in the 4th quarter. National Pension Service now owns 665,667 shares of the company’s stock valued at $44,606,000 after purchasing an additional 590,274 shares in the last quarter. Finally, ClearAlpha Technologies LP bought a new position in shares of Everpure during the fourth quarter worth about $971,000. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Everpure News Roundup

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.