Everpure: Hyperscaler Momentum Could Redefine Enterprise Storage

Everpure ( P ) receives a buy rating, with a projected FY 2027 price target of $80, implying 10% upside driven by hyperscaler adoption acceleration.

P’s Q1 revenue grew 35.2% YoY to $1.1 billion, with non-GAAP operating margin up 450bps to 15%, and management raised FY guidance to $4.5 billion.

Hyperscaler wins and pure-play all-flash storage/subscription model position P for market share gains over legacy competitors like Dell and NetApp.

Risks center on premium valuation and execution, particularly around gross margin recovery and hyperscaler revenue rebound in H2 FY 2027.

Everpure ( P ) is a company I have been following in the enterprise data and software space.

Well-known for its Storage-as-a-Service (STaaS) business, Evergreen One, its fastest-growing and largest business, P competes with another company I recently covered here as This article was written by Tech and Growth 3.68K Followers Follow We're a long-only asset manager allocating into tech and growth asset classes.