US Stock Movement: Everpure surged on September 24 due to FY28 guidance, target price increase, and data storage.

Everpure September 24th Surge Analysis

Keywords: FY28 guidance, target price raised, data storage

1. On September 23rd, at the 2026 Financial Analyst Meeting, the company released its preliminary FY28 outlook, projecting revenue of $7.0 billion to $7.3 billion, a year-on-year increase of 39% to 45%. Non-GAAP operating profit is expected to be $1.7 billion to $1.9 billion, a year-on-year increase of 80% to 100%. The projected revenue is higher than the institutional forecast of $6.37 billion.

2. On September 24th, several institutions raised Everpure's target price: BofA Securities raised it from $150 to $180, Citigroup from $130 to $160, and JPMorgan from $145 to $165, all maintaining a positive rating.

3. On September 23rd, the company announced its growth strategy to expand its enterprise storage business, modern data software, and hyperscale solutions. Over the past five years, the company has invested an average of 19% of its annual revenue in R&D, and its core business has achieved accelerated revenue growth for eight consecutive quarters.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)