Northland Securities Issues Positive Forecast for Everpure (NYSE:P) Stock Price

Everpure (NYSE:P) had its price target lifted by Northland Securities from $90.00 to $128.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 34.07% from the company’s previous close.

P has been the topic of a number of other research reports. Wedbush upped their price objective on Everpure from $127.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup raised their target price on Everpure from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. UBS Group boosted their target price on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $133.00 price target (up from $92.00) on shares of Everpure in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Everpure from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.10.

Everpure Stock Down 3.8%

NYSE:P traded down $3.77 during mid-day trading on Friday, reaching $95.47. The stock had a trading volume of 636,670 shares, compared to its average volume of 3,310,199. Everpure has a twelve month low of $56.78 and a twelve month high of $119.10. The firm’s 50 day moving average price is $85.21. The stock has a market cap of $31.73 billion, a price-to-earnings ratio of 130.78, a price-to-earnings-growth ratio of 6.06 and a beta of 1.45.

Everpure (NYSE:P) last released its earnings results 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 company had revenue of $1.19 billion for the quarter. Everpure had a return on equity of 19.42% and a net margin of 5.94%.The company’s revenue for the quarter was up 37.7% on a year-over-year basis. On average, equities research analysts forecast that Everpure will post 0.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ajay Singh sold 9,787 shares of the 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 sale, the insider directly owned 340,939 shares of the company’s stock, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Colgrove sold 200,000 shares of the stock in a transaction dated 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 directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. The trade was 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. In the last 90 days, insiders sold 827,800 shares of company stock valued at $78,153,882. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Everpure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System purchased a new stake in shares of Everpure in the second quarter valued at about $2,964,174,000. State Street Corp increased its stake in shares of Everpure by 0.8% during the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock worth $733,994,000 after purchasing an additional 88,583 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock worth $515,972,000 after purchasing an additional 207,317 shares during the last quarter. Norges Bank acquired a new position in shares of Everpure during the 4th quarter worth approximately $265,327,000. Finally, Atreides Management LP purchased a new stake in Everpure in the 2nd quarter valued at approximately $204,552,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Trending Headlines about Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported revenue of approximately $1.19 billion, up 37.7% year over year, while adjusted EPS of $0.70 exceeded consensus estimates. Product revenue increased 54%, signaling strong demand across the company’s storage portfolio. Everpure Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to roughly $5.03 billion-$5.07 billion, implying 37%-38% growth, and expects operating income of about $940 million-$960 million. Third-quarter revenue guidance also came in well above Wall Street expectations. Everpure: Unprecedented Demand And Hyperscaler Wins
• Positive Sentiment: Everpure highlighted a second design win with a top-five hyperscaler, accelerating Evergreen//One Storage-as-a-Service adoption and continued enterprise market-share gains. These developments support the company’s exposure to AI data-center demand and recurring software revenue. Everpure Lands Second Hyperscaler Win
• Positive Sentiment: Several analysts became more bullish: Bank of America upgraded Everpure to “buy” with a $150 price target, while JPMorgan, Morgan Stanley and Needham raised their targets and maintained positive ratings. The company also provided an update on its share-repurchase program. Analyst Rating and Price Target Updates
• Neutral Sentiment: The earnings release reinforces Everpure’s rapid growth, but the stock already trades at a high valuation, with a reported price-to-earnings ratio above 135 and a price-to-earnings-growth ratio above 6. This leaves limited room for execution disappointments.
• Negative Sentiment: Investors remain concerned about margin pressure, free cash flow and higher component costs. Those concerns appear to have outweighed the earnings beat and guidance increase in the initial market reaction. Everpure Falls Amid Margin and Free Cash Flow Concerns

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.