Everpure’s (P) “Buy” Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Everpure (NYSE:P) in a report released on Thursday morning,Benzinga reports. Guggenheim currently has a $150.00 target price on the stock.

Several other brokerages also recently weighed in on P. Wall Street Zen downgraded shares of Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $140.00 price target on shares of Everpure in a report on Thursday, August 20th. UBS Group boosted their price objective on shares of Everpure from $70.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday. Evercore reissued an “outperform” rating and set a $130.00 price objective on shares of Everpure in a research note on Monday, August 24th. Finally, Wells Fargo & Company raised their target price on shares of Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.10.

Everpure Stock Down 5.7%

Everpure stock opened at $93.57 on Thursday. Everpure has a 52 week low of $56.78 and a 52 week high of $119.10. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of 128.18, a PEG ratio of 5.19 and a beta of 1.45. The stock has a 50-day simple moving average of $85.59.

Everpure (NYSE:P) last issued 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. Everpure had a return on equity of 19.06% and a net margin of 5.94%.The firm had revenue of $1.19 billion during the quarter. The business’s quarterly revenue was up 37.7% on a year-over-year basis. As a group, research analysts forecast that Everpure will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Colgrove sold 64,815 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the completion of the transaction, the insider directly owned 6,074,080 shares in the company, valued at approximately $713,339,955.20. This represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew William Fraser Brown sold 4,735 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $72.57, for a total transaction of $343,618.95. Following the sale, the director directly owned 27,683 shares of the company’s stock, valued at $2,008,955.31. The trade was a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 827,800 shares of company stock worth $78,153,882 in the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Everpure

Institutional investors have recently added to or reduced their stakes in the stock. Paradigm Capital Management Inc. NY bought a new stake in Everpure in the second quarter valued at about $2,127,000. PFA Pension Forsikringsaktieselskab bought a new position in Everpure during the 4th quarter worth approximately $10,948,000. S&CO Inc. bought a new position in Everpure during the 2nd quarter worth approximately $15,003,000. ClearAlpha Technologies LP acquired a new position in shares of Everpure in the 4th quarter worth approximately $971,000. Finally, National Pension Service increased its holdings 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 acquiring an additional 590,274 shares during the last quarter. 83.42% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Everpure

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.