Dear Everpure Stock Fans, Mark Your Calendars for September 21

If you own Everpure (P) stock, mark Sept. 21 on your calendar. That's when Everpure officially joins the S&P 500 ($SPX), one of the most popular stock market indices globally. S&P Dow Jones Indices announced the change on Friday. Everpure will be added alongside Bloom Energy (BE) and Illumina (ILLU). 

The three companies are replacing Molson Coors Beverage (TAP), The Trade Desk (TTD), and Builders FirstSource (BLDR), Bloomberg reported. All the changes take effect before trading opens on Sept. 21.

For long-time shareholders, it is a milestone worth celebrating. Valued at a market cap of $33 billion, Everpure stock has returned close to 300% over the last five years. For newer investors, it raises an obvious question. What does joining the S&P 500 mean for P stock's price?

Why the S&P 500 Index Inclusion Is a Key Event

To join the S&P 500 index, companies need a market cap of $22.7 billion. They must also meet specific requirements tied to profitability, liquidity, and share float. 

The rise of passive investing has made index inclusion a closely watched event on Wall Street. Several passive funds track the S&P 500 in 2026. When a stock joins the index, these funds must buy shares to match the benchmark, creating short-term buying pressure. 

It is also worth noting that Everpure is leaving the S&P MidCap 400 to make this jump, based on the index change data. Moving from mid-cap to large-cap status signals that the company has grown into a much bigger business over the past decade.

Is Everpure Stock a Good Buy?

Everpure, based in Santa Clara, California, builds data storage technology for businesses worldwide. The company was formerly known as Pure Storage before changing its name to Everpure in February 2026.

At the center of its business is software called Purity, which powers most of its products, including data protection, encryption, and data reduction. Everpure sells hardware systems called FlashArray and FlashBlade that help businesses manage everyday applications and massive unstructured data used in artificial intelligence. 

The company also offers subscription-based options such as Evergreen One and Evergreen Flex, which let customers pay for storage like a utility bill rather than buying hardware outright. 

Moreover, Everpure has a cloud-native product called Portworx and a management platform called Everpure Fusion that helps IT teams control storage across multiple environments at once.

In fiscal Q2 of 2027 (ended in July): 

• Everpure grew revenue 38% year-over-year (YoY), while operating profit rose 77%.
• It reported product sales of $687 million, up 54%, while the subscription-based Evergreen One offering saw its contract value surpass a run rate above $1 billion for the fiscal year.
• International sales rose 75% to $498 million and accounted for 42% of revenue in fiscal Q2, the highest share ever for the company. 

Everpure also raised its full-year guidance significantly. The company now expects fiscal year 2027 revenue between $5.03 billion and $5.07 billion, representing 38% growth. Operating profit guidance moved up to $940 million to $960 million, or roughly 50% growth from last year.

Part of the optimism stems from a new customer win. On Aug. 10, Everpure announced it had signed a supply agreement with a second major hyperscaler, the term used for giant cloud computing companies that build their own massive data centers. 

Executives said on the earnings call that meaningful revenue from this new deal will not show up until fiscal 2028, but it signals long-term demand for Everpure's storage technology in the largest computing environments on the planet.

What Comes Next for P Stock Investors

Everpure plans to host its Financial Analyst Meeting on Sept. 23 in Santa Clara, just two days after joining the S&P 500. Executives have said they will share more detail there about long-term growth plans and financial targets.

Between the index inclusion and the upcoming investor meeting, September is shaping up to be a busy month for P stock. Investors watching the company will want to keep both dates circled.

Analysts tracking Everpure forecast revenue to increase from $3.66 billion in fiscal 2026 to $10 billion in fiscal 2031. Over this period, free cash flow is projected to improve from $616 million to $2.17 billion. 

If the tech stock trades at 30x forward FCF, it could almost double over the next four years. 

Out of the 20 analysts covering P stock, 14 recommend “Strong Buy,” three recommend “Moderate Buy,” two recommend “Hold,” and one recommends “Strong Sell.” The average Everpure stock price target is $131, above the current price of $99.

On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.