On August 10, Everpure rose 5.63% in after-hours trading, trading at $104.0 USD/share, with turnover of $9.6449 million.
On the news front, two major investment banks issued simultaneous upgrades on the stock. Morgan Stanley raised its rating from Equal-weight to Overweight, lifting its price target from $87 to $108. Susquehanna upgraded the stock from Neutral to Positive, raising its target price from $85 to $120. Both institutions highlighted that the company's product matrix can fully address the storage solution demands of hyperscale data center customers, with approximately two-thirds of revenue growth driven by volume expansion and market share gains, indicating fundamental upside potential.
Everpure is scheduled to report its fiscal second-quarter earnings on August 26 after market close, with consensus estimates calling for adjusted EPS of $0.58 and revenue of $1.1 billion. The market will closely monitor large-capacity SSD order conversion and high-margin business progress.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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