Everpure Stock Surges 15% on Rebrand and Acquisition Completion

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2026-05-12 10:32:02

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Everpure, formerly known as Pure Storage, saw its stock price leap 15.3% to $90.11 amid above-average trading volume of 4.18 million shares. The surge followed the company's formal rebranding and the closure of its acquisition of data intelligence firm 1touch.

Options activity spiked unusually, with 12,762 call contracts traded—70% higher than the daily average—signaling trader optimism for continued upside. Wall Street maintains a Moderate Buy rating, with a consensus price target of $93.21 across 19 analysts.

Recent quarterly results outperformed expectations, posting EPS of $0.69 against a $0.65 estimate and revenue of $1.06B versus $1.03B, marking a 20.4% year-over-year growth. The stock now sits in the upper half of its 12-month range, reflecting renewed market confidence.

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