Northland Securities raised its price target on Everpure to $128 from $90 while maintaining an Outperform rating, citing accelerating enterprise momentum and expanding free cash flow estimates.
The firm’s valuation model attributes $14 of the $38 increase to large enterprise growth and $24 to the company’s hyperscaler opportunity, according to a research note published Thursday. At the time of the report, Everpure’s shares were trading at $100.06, up 69.6% over the past six months.
Northland increased its core enterprise terminal revenue estimate to approximately $16.8 billion from $14.6 billion and raised its free cash flow projection to $5.25 billion from $4.6 billion. An additional $1.2 billion in free cash flow was added to reflect Everpure’s hyperscaler opportunity, contributing to the higher valuation.
Everpure reported fiscal second-quarter 2027 revenue of $1.186 billion, a 38% year-over-year increase and the fourth consecutive quarter of accelerating growth. Operating profit surged 77% to $230 million. The company also raised its full-year fiscal 2027 revenue guidance to a range of $5.0 billion to $5.7 billion.
Other analysts have also upgraded their assessments. Needham raised its price target to $140 with a Buy rating, while BofA Securities upgraded Everpure to Buy from Neutral and lifted its target to $150. Evercore ISI maintained an Outperform rating with a $130 target and noted an operating margin improvement to 19.4%.
