On September 26, Everpure rose 5.07% in regular trading, trading at $128.115 per share, with turnover of approximately $400 million. The stock continued its upward momentum as the market further digested the company's preliminary FY2028 outlook and multiple analyst price target increases.
Everpure recently issued FY2028 revenue guidance of $7.0 billion to $7.3 billion, implying a two-year compound annual growth rate of approximately 38%-41%, significantly above the consensus estimate of roughly 30%. Non-GAAP operating profit is projected at $1.7 billion to $1.9 billion, representing 80%-100% year-over-year growth. The company simultaneously reaffirmed its FY2027 revenue guidance of $5.03 billion to $5.07 billion.
On the analyst front, Piper Sandler raised its price target to $162 from $133 while maintaining an Overweight rating. Morgan Stanley highlighted the potential for sustained faster revenue growth driven by AI-related storage expansion. BofA Securities previously upgraded Everpure to Buy with a $150 target. The company also secured a second hyperscaler design and supply agreement, expected to contribute meaningfully to FY2028 revenue.
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