Everpure (P) Stock Rises 7% on Strong AI-Driven Revenue Outlook

TLDR

• Everpure stock jumped 7% in premarket trading Thursday after a strong analyst day presentation.
• The company forecasts fiscal 2028 revenue growth of 39% to 45%, reaching $7 billion to $7.3 billion.
• Fiscal 2027 guidance was reaffirmed at 37% to 38% revenue growth with adjusted operating income up 48% to 51%.
• Northland, BofA Securities, and Needham all raised price targets or upgraded the stock following the news.
• The stock has gained 64% this year and recently joined the S&P 500, replacing The Trade Desk.

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Everpure stock climbed 7% to $117.29 in premarket trading Thursday. The move came after the data storage company laid out an upbeat long-term growth plan at its analyst day in Santa Clara.

Everpure, Inc., P

The stock had closed down 1.1% on Wednesday before the rally. It’s now up 18% for September and 64% for the year so far.

Everpure, formerly known as Pure Storage, held its 2026 Financial Analyst Meeting on Wednesday evening. The company used the event to unveil fresh targets for fiscal 2028, and investors liked what they heard.

What Everpure Told Investors

The company forecast fiscal 2028 revenue between $7 billion and $7.3 billion. That works out to growth of 39% to 45% year over year.

Non-GAAP operating income for fiscal 2028 is expected to land between $1.7 billion and $1.9 billion. That would mark roughly 80% to 100% profit growth from the prior year.

Everpure also reaffirmed its fiscal 2027 guidance. The company still expects revenue of $5.03 billion to $5.07 billion, with growth of 37% to 38%.

Adjusted operating income for fiscal 2027 is projected to rise 48% to 51%, landing between $940 million and $960 million. Wall Street had been expecting fiscal 2028 revenue closer to $6.5 billion, according to FactSet, so the new targets came in well ahead of consensus.

CEO Charlie Giancarlo called the moment a strategic inflection point for the company. He pointed to a decade of investment in what he described as an integrated, extensible architecture.

Giancarlo outlined four growth areas going forward. These are Core and Core AI, Modern Data Software, Scale AI, and Hyperscale Solutions.

Analysts React With Upgrades

The reaction from Wall Street was swift. Northland raised its price target to $128 from $90 and kept an Outperform rating.

BofA Securities went further, upgrading the stock outright to Buy with a $150 target. Needham maintained its own Buy rating and set a $140 target.

The rally happened despite a rough day for the broader market. The S&P 500 was down 0.75%, the Dow fell 0.68%, and the Nasdaq dropped 1.13% at the same time Everpure was climbing.

That gap suggests the move was driven entirely by company-specific news rather than any broader market trend. Everpure joined the S&P 500 on September 21, replacing The Trade Desk in the index’s quarterly rebalance.

That inclusion has added a structural tailwind too. Passive funds tracking the index were required to buy the stock, which has made it more sensitive to positive headlines like this one.

Thursday’s premarket price of $117.40 puts the stock close to its 52-week high of $119.10. That’s a sharp turnaround from its 52-week low of $56.78, set earlier this year.