Two Upgrades in One Day: What’s Behind the Everpure (P) Stock Surge?
TLDR
- Everpure stock jumped 10% Monday after Susquehanna upgraded it from Neutral to Positive
- Susquehanna raised its price target to $120 from $85, implying ~33% upside
- Demand for 2Tb QLC-based mass-capacity SSDs is picking up after nearly a year of delays
- Morgan Stanley also upgraded the stock to Overweight with a $108 price target
- Q2 FY2027 earnings are due August 26, with consensus EPS at $0.58 and revenue at $1.1B
Everpure (P) jumped 10% in early Monday trading after Susquehanna upgraded the stock from Neutral to Positive and raised its price target to $120 from $85.
The new target implies roughly 33% upside from Friday’s close. The stock opened Monday at $89.92.
Susquehanna analyst Mehdi Hosseini said recent channel checks show demand for 2Tb QLC-based, mass-capacity SSDs is finally starting to come through after nearly a year of delays.
“Combined with Everpure’s broad and diversified product portfolio, we believe this has driven a more diversified hyperscaler customer mix,” Hosseini wrote in a Monday investor note.
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