Northland raises Everpure stock price target to $128 on momentum

Northland has raised its price target on Everpure stock (NYSE:P) to $128 from $90, maintaining an Outperform rating. The company's remarkable 69.6% return over the past six months has driven this decision, with Northland citing accelerated market share gains in the core enterprise market, particularly within the Large Enterprise segment.

This increase in the price target is attributed to a discounted cash flow model, with $14 of the raise attributed to Large Enterprise momentum and $24 credited to the hyperscaler opportunity. Everpure's impressive financial results for the second quarter of fiscal 2027, including a 38% revenue increase and a 77% jump in operating profit, have also contributed to this optimistic outlook.

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