Morgan Stanley Issues Positive Forecast for Everpure (NYSE:P) Stock Price

Key Points

• Morgan Stanley raised Everpure’s price target to $119 from $108 and maintained an “overweight” rating, implying 17.86% upside. Analysts overall have a “Moderate Buy” consensus with an average target of $114.95.
• Everpure reported strong quarterly results, with EPS of $0.70 versus $0.19 expected and revenue of $1.19 billion, up 37.7% year over year. Management also raised its fiscal-year revenue and operating-income guidance.
• Despite improving analyst sentiment and accelerating hyperscaler demand, valuation remains a risk: the stock trades at a P/E ratio of 159, while insiders have sold roughly $78.2 million of shares over the past three months.

Everpure (NYSE:P - Get Free Report) had its price target hoisted by Morgan Stanley from $108.00 to $119.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 17.86% from the stock's current price.

Several other research firms have also commented on P. Wells Fargo & Company reissued an "overweight" rating and set a $135.00 price objective on shares of Everpure in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Everpure from $80.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Susquehanna raised Everpure from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $85.00 to $120.00 in a research report on Monday, August 10th. Citigroup restated a "buy" rating on shares of Everpure in a research note on Thursday. Finally, DA Davidson set a $100.00 price objective on Everpure in a research report on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.95.

Everpure Stock Performance

Shares of P stock opened at $100.97 on Thursday. The business has a fifty day moving average price of $84.72. The stock has a market capitalization of $33.56 billion, a PE ratio of 159.00, a price-to-earnings-growth ratio of 5.72 and a beta of 1.45. Everpure has a twelve month low of $56.78 and a twelve month high of $119.10.

Everpure (NYSE:P - Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.51. The firm had revenue of $1.19 billion for the quarter. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The business's revenue was up 37.7% on a year-over-year basis. As a group, equities research analysts predict that Everpure will post 0.93 earnings per share for the current year.

Insider Activity at Everpure

In related news, insider John Colgrove sold 64,815 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $117.44, for a total transaction of $7,611,873.60. Following the transaction, the insider owned 6,074,080 shares in the company, valued at $713,339,955.20. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 firm'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 transaction of $764,560.44. Following the completion of the sale, the insider owned 340,939 shares in the company, valued at $26,634,154.68. This represents a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 827,800 shares of company stock valued at $78,153,882. Insiders own 5.10% of the company's stock.

Institutional Trading of Everpure

Several large investors have recently modified their holdings of P. Sunbelt Securities Inc. increased its position in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company's stock worth $29,000 after buying an additional 375 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Everpure in the second quarter worth approximately $29,000. Banque Transatlantique SA bought a new stake in Everpure during the third quarter valued at approximately $29,000. Finally, Reflection Asset Management bought a new stake in Everpure during the fourth quarter valued at approximately $32,000. Institutional investors own 83.42% of the company's stock.

Key Stories Impacting Everpure

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.

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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