10 New Contenders for S&P 500 Index

8. Everpure, Inc. (NYSE:P)

Number of Hedge Fund Holders: 53

Everpure, Inc. (NYSE:P) is one of the 10 new contenders for S&P 500 Index.

Everpure, Inc. (NYSE:P) saw its price target lowered by JP Morgan on April 16, 2026. The firm adjusted the stock’s price target from $105 to $80, while maintaining an Overweight rating on the shares. The update was part of the overall revisions in ratings and targets in the hardware and networking group, following the firm’s preview of the first quarter. JPMorgan anticipates that massive AI infrastructure spending will boost AI-levered suppliers in Q1. Based on this estimate, the firm downgraded four stocks while placing a few on positive-catalyst watches.

In a separate development last month, on March 30, 2026, Everpure, Inc. (NYSE:P) adjusted its prices, citing sustained industry-wide demand and rising component costs. The company’s portfolio saw an Average Selling Price (ASP) increase of approximately 40%, while Evergreen//One was limited to an increase of roughly 10% on longer-term contracts.

Note: Pure Storage rebranded as Everpure, Inc. (NYSE:P) in February 2026 and changed its stock ticker symbol from “PSTG” to “P” on the NYSE, effective April 17, 2026.

Founded in 2009, Everpure, Inc. (NYSE:P) is an American technology company with headquarters in California. The company provides an advanced data storage platform that delivers a cloud-like experience across on-premises, public cloud, and edge environments.