Everpure (NYSE:P) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Key Points

• Needham raised Everpure’s price target to $140 from $100 and maintained a “buy” rating, implying 29.14% upside from the prior close. The broader analyst consensus is “Moderate Buy,” with an average target of $110.30.
• Everpure reported quarterly earnings of $0.70 per share, beating the $0.19 consensus estimate, while revenue rose 37.7% year over year to $1.19 billion. Management also raised its fiscal 2027 revenue outlook to $5.0 billion-$5.1 billion.
• Despite strong growth and institutional ownership of 83.42%, the stock’s valuation remains elevated, with a price-to-earnings ratio above 160. Insiders have sold approximately $78.2 million of shares over the past 90 days.

Everpure (NYSE:P - Get Free Report) had its target price raised by investment analysts at Needham & Company LLC from $100.00 to $140.00 in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price target would suggest a potential upside of 29.14% from the company's previous close.

P has been the subject of several other research reports. Oppenheimer reaffirmed an "outperform" rating and set a $140.00 price target on shares of Everpure in a research note on Thursday, August 20th. Northland Securities set a $90.00 target price on shares of Everpure in a report on Thursday, May 28th. Susquehanna raised shares of Everpure from a "neutral" rating to a "positive" rating and upped their price target for the stock from $85.00 to $120.00 in a research report on Monday, August 10th. Morgan Stanley upgraded Everpure from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $87.00 to $108.00 in a report on Monday, August 10th. Finally, William Blair reiterated an "outperform" rating on shares of Everpure in a research note on Thursday, May 28th. Sixteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Everpure currently has an average rating of "Moderate Buy" and an average price target of $110.30.

Everpure Trading Up 5.4%

NYSE:P opened at $108.41 on Thursday. The stock has a market capitalization of $36.04 billion, a PE ratio of 164.26, a price-to-earnings-growth ratio of 5.72 and a beta of 1.45. Everpure has a 52 week low of $56.78 and a 52 week high of $119.10. The firm's 50 day moving average price is $84.72.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion during 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. On average, sell-side analysts forecast that Everpure will post 0.93 EPS for the current year.

Insider Buying and Selling at Everpure

In other Everpure news, insider John Colgrove sold 64,815 shares of the stock in a transaction dated 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 sale, the insider directly owned 6,074,080 shares of the company's stock, valued at approximately $713,339,955.20. This trade represents a 1.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the insider owned 340,939 shares in the company, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 827,800 shares of company stock worth $78,153,882 over the last ninety days. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Everpure

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in Everpure during the 2nd quarter worth approximately $2,964,174,000. Norges Bank acquired a new stake in shares of Everpure during the 4th quarter worth about $265,327,000. Atreides Management LP acquired a new position in Everpure in the second quarter valued at approximately $204,552,000. Polar Capital Holdings Plc raised its holdings in Everpure by 90.5% during the third quarter. Polar Capital Holdings Plc now owns 2,831,141 shares of the company's stock worth $237,278,000 after purchasing an additional 1,345,207 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Everpure by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company's stock valued at $228,820,000 after buying an additional 1,315,351 shares in the last quarter. Institutional investors and hedge funds own 83.42% of the company's stock.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Earnings and revenue beat expectations: Everpure reported quarterly adjusted earnings of $0.70 per share, ahead of analyst estimates, while revenue reached $1.19 billion—up approximately 38% year over year. Product revenue growth was even stronger at 54%. Everpure Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised forward guidance: Management projected third-quarter revenue of roughly $1.3 billion, versus consensus of about $1.1 billion, and lifted fiscal 2027 revenue guidance to $5.0 billion-$5.1 billion from an analyst consensus near $4.5 billion. The company also significantly increased its full-year operating-profit outlook. Everpure Reports Upbeat Q2 and Guides for Strong Full-Year Sales
• Positive Sentiment: Growth narrative strengthened: Coverage highlighted Everpure’s 38% revenue expansion and improving position in the enterprise market. The earnings call and related coverage may have further supported the view that demand for the company’s storage and data-management solutions is broadening. Everpure Surges to New Heights
• Neutral Sentiment: Analysts and financial outlets are comparing Everpure with other technology-services companies, but these reports provide limited new company-specific information beyond the earnings beat and guidance increase. Reviewing Canon and Everpure
• Negative Sentiment: Despite the favorable results, Everpure’s valuation remains demanding, with a reported price-to-earnings ratio above 160. That leaves the stock sensitive to any slowdown in growth, missed guidance, or broader weakness in high-growth technology shares.

About Everpure

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.

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