Here is Why Everpure Inc. (P) is One of the Most Attractive Computer Hardware Names

Everpure Inc. (NYSE:P) is one of the 10 best computer hardware stocks to buy for the next 5 years.

On May 28, Wedbush increased the target price for Everpure Inc. (NYSE:P) from $100 to $105, while upholding an Outperform rating on the stock. The firm highlighted that Everpure’s first-quarter sales were better than usual seasonal trends.

Copyright: rawpixel / 123RF Stock Photo

Following the company’s vague and disappointing future guidance, the second half of the year is projected to be weaker than it was initially anticipated. However, Wedbush believes that management is being too conservative and the company will perform better than what they’re predicting. The firm’s revised price target offers more than 45% upside at the prevailing level.

On May 28, the price target on Everpure Inc. (NYSE:P) was increased from $80 to $92 by J.P. Morgan analyst Samik Chatterjee. The revision results in an upside potential of almost 28%. The analyst also maintained an Overweight rating on the stock.

For the target price increase, the analyst attributed it to higher earnings expectations following the first-quarter report. He informed investors that the company is effectively managing inflated memory costs, whilst also maintaining the possibility of share gains.

Everpure Inc. (NYSE:P) sells data storage and management technologies, products, and services internationally. Its universal Purity software powers all products, delivering built-in data reduction, protection, and encryption across block, file, and object storage. The company sells the FlashArray and FlashBlade product lines. It also offers cloud storage management platforms and flexible hybrid cloud solutions.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.