Everpure, Inc. (P) rose more than 3% in pre-market trading on Friday after CFRA upgraded the stock from Sell to Buy. CFRA set a price target of $149 per share.
CFRA said Everpure’s increased guidance supports its strategy of focusing on all-flash deployments for AI data centers. The firm sees further growth potential as AI demand rises and noted the possibility of additional partnerships with hyperscalers.
The upgrade follows Everpure’s recent financial analyst meeting, where the company projected robust long-term growth. Earlier in the week, Everpure forecast fiscal 2028 revenue of $7.0 billion to $7.3 billion, well above consensus estimates.