Everpure

P · NYSE

$126.52−$0.57 (−0.45%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $127.09

P analyst rating

BuyConsensus of 18 analysts over the last 12 months. 89% rate it a buy.

Strong buy0
Buy16
Hold1
Underperform0
Sell1

12-month price target · 22 analysts

Average $146.34 (+15.7% upside)

Low: $80.80
Now: $126.52
High: $189.00

Upgrades and downgrades

The latest rating actions, newest first

P analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Guggenheim	Oct 12, 2026	Maintains	Buy	$150.00 → $215.00	71%
Needham	Oct 8, 2026	Maintains	Buy	$150.00 → $185.00	53%
Barclays	Sep 25, 2026	Maintains	Equal-Weight	$110.00 → $132.00	58%
Morgan Stanley	Sep 24, 2026	Maintains	Overweight	$119.00 → $137.00	61%
Lake Street	Sep 24, 2026	Maintains	Buy	$120.00 → $130.00	48%
Piper Sandler	Sep 24, 2026	Maintains	Overweight	$133.00 → $162.00	51%
Citigroup	Sep 24, 2026	Maintains	Buy	$130.00 → $160.00	81%
Evercore ISI Group	Sep 24, 2026	Maintains	Outperform	$130.00 → $145.00	65%
Guggenheim	Sep 24, 2026	Maintains	Buy	$150.00	71%
Wedbush	Sep 24, 2026	Maintains	Outperform	$130.00	72%

The case for and against

Updated Oct 17, 2026

Bull case

Everpure is viewed positively because its unified platform and Purity software create a durable moat, enabling share gains across on-premises, hybrid, public cloud, and hyperscale environments while expanding wallet share with roughly 15,000 customers and 64% of F500 coverage. IDC data showing capacity growth accelerating in 1H26, alongside an estimated 60 EB hyperscaler opportunity in CY27/FY28 that could more than double by CY29/FY30, supports the view that demand remains resilient even as pricing rises. Financially, the company’s FY28 initial outlook implies $7.0-$7.3B of sales and $1.7-$1.9B of EBIT, with 24-26% operating margin and high-margin hyperscaler/software revenue adding further upside.

Bear case

Everpure is facing a negative outlook because its enterprise storage demand may not prove durable if core volumes slow, competition intensifies, or the expected “new revenue” from AI and on-premise inference fails to scale beyond a mid-teens share of 2026 new storage purchases. Its Evergreen Subscription and STaaS mix can support innovation, but the ratable revenue model may damp reported growth and create expense-revenue mismatches, while NAND price volatility has already hurt execution, as seen in 3QFY20, and remains a risk into 2027 and potentially 2028. A weaker economic backdrop and any deterioration in Subscription Services ARR, cRPO, subscription revenue, or gross margin would likely pressure sentiment and valuation further.

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