Northland Securities increased its price target for Everpure to $128 from $90, citing accelerating momentum in the Core Enterprise segment and a $24 uplift from hyperscaler demand.
The upgrade reflects a $14 increase attributed to Core Enterprise terminal-period revenue growth and a $24 increase tied to the hyperscaler opportunity. Northland maintained its Outperform rating on the stock, which was trading at $100.60 at the time of the review.
The firm also raised its terminal-period revenue estimate for Everpure’s Core Enterprise segment to approximately $16.8 billion from $14.6 billion. Free cash flow estimates for the segment were lifted to $5.25 billion from $4.6 billion, with an additional $1.2 billion projected from the hyperscaler opportunity.
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 income surged 77% to $230 million, while operating margins improved to 19.4%, according to Evercore ISI.
For the full fiscal year 2027, Everpure raised its revenue guidance to a range of $5.0 billion to $5.7 billion. The company’s market capitalization stands at $33.19 billion, with shares up 69.6% over the past six months.
Northland’s move follows similar adjustments from peers. Needham raised its target to $140, BofA Securities increased its target to $150 from a prior level, and Evercore ISI maintained its target at $130 while reiterating an Outperform rating.
The upgrades come as Everpure continues to benefit from strong demand in its Core Enterprise storage solutions and expanding hyperscaler partnerships.
