Analysts Lift Everpure Targets After FY28 Outlook Tops Street
P has more than doubled off its 52-week low of $56.78.
Summary
Everpure's preliminary FY28 outlook, issued at its analyst day, beat consensus with revenue guidance of $7.0B-$7.3B (39-45% growth) versus $6.37B expected, and non-GAAP operating income of $1.7B-$1.9B (up 80-100%). The stock jumped 18% on Thursday, and multiple analysts raised price targets: Piper Sandler to $162, Evercore to $145, BofA to $180, with others following. Evercore also lifted its FY28 EPS estimate to $5.01 from $3.45. This follows the Q2 beat in August and a second hyperscaler design win, reinforcing the AI-driven storage demand narrative. The company reaffirmed FY27 revenue guidance of $5.03B-$5.07B, in line with estimates. Watch for further analyst revisions and any updates on the three newer businesses expected to reach 20% of revenue by FY2030.
At the time of this announcement, P was trading at $129.58 on NYSE in the Technology sector, with a market capitalization of approximately $43.2B. The 52-week trading range was $56.78 to $131.41. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.