Seven analysts raised Everpure price targets after its analyst day, which introduced fiscal 2028 revenue guidance of $7.0-$7.3 billion. Second-quarter free cash flow was negative $238 million despite revenue rising 38% year over year to $1.2 billion.
Morgan Stanley raised its target to $137 from $119 and kept an Overweight rating. Bank of America lifted its target to $180 from $150, the highest in the group, while retaining Buy; Citi raised its target to $160 from $130 and also kept Buy. Management reaffirmed fiscal 2027 operating-income guidance of $940 million-$960 million and forecast fiscal 2028 operating-income growth of up to 100%.
On CNBC, CEO Charlie Giancarlo said flash-storage component costs rose six to eight times industrywide in roughly two quarters. Everpure raised prices by about 150% on average—less than the cost increase—to preserve customer relationships; its second-quarter GAAP operating margin was 5.3%.
