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Everpure Stock Is Up 64%—Why Wall Street Thinks Its AI Boom Is Just Beginning!

Everpure, formerly Pure Storage, has rapidly become one of the more closely watched infrastructure names in the artificial intelligence trade. The stock had gained 64% in 2026 through September 23 before another sharp rally followed management’s long-term outlook, as investors reacted to expectations that revenue growth could accelerate rather than moderate. The company now expects fiscal 2027 revenue growth of roughly 37%-38%, while its preliminary fiscal 2028 outlook calls for $7.0-$7.3 billion of revenue, implying 39%-45% growth, alongside adjusted operating income of $1.7-$1.9 billion. Those projections are being supported by several developments occurring simultaneously: rapid growth in Everpure’s existing enterprise business, rising AI-related storage requirements, new hyperscaler contracts, and accelerating adoption of its storage-as-a-service model. Yet the stock’s appreciation has also pushed valuation multiples considerably higher.