Everpure (P) stock is drawing fresh attention after the company announced a new design win and long term supply agreement with a second top five hyperscaler, centered on its DirectFlash technology.

At a share price of US$102.81, Everpure has seen a 37.89% 1 month share price return and a 48.98% year to date share price return. The 1 year total shareholder return of 75.56% and 3 year total shareholder return of 183.07% point to strong momentum that this latest hyperscaler deal now feeds into.

Compare Everpure's hyperscaler fueled momentum with a hand picked group of storage and infrastructure stocks using the 55 AI infrastructure stocks.

After a sharp rerating on the hyperscaler deal, Everpure still trades at an estimated 36.7% discount to intrinsic value and about 8% below the average analyst target. Is that a genuine margin of safety or a case of justified caution?

Most Popular Narrative: 42.9% Undervalued

Everpure's last close at $102.81 sits well below the $180 fair value set out in the most followed narrative, which frames the stock as an AI infrastructure play rather than a traditional storage vendor.

The real bet is a multiple re-rating event, driven by three specific catalysts.

The hyperscale design win. Everpure secured its first EXA-scale hyperscale customer in FY2026. The company expects hyperscale revenue to ramp materially in FY2027. One additional hyperscale win at this scale represents $200 to $300 million in incremental product revenue in year one, more than the company's entire quarterly subscription revenue from two years ago. At that point, Everpure is no longer a story about enterprise storage share gains, it is a story about being a critical supplier to the largest infrastructure buildout in history. The multiple changes.

Want to see how this hyperscaler angle and AI infrastructure framing translate into the $180 fair value. According to Degen_GCR, the narrative leans heavily on compounded earnings growth, expanding margins and a higher future revenue multiple that moves Everpure closer to infrastructure peers rather than storage incumbents.

Result: Fair Value of $180 (UNDERVALUED)

However, Everpure's hyperscaler narrative still carries clear risk if follow on design wins disappoint, or if rivals gain share in AI storage workloads.

Next Steps

Given the mix of enthusiasm and concern around Everpure, it makes sense to review the data yourself and form your own stance by checking the 3 key rewards and 1 important warning sign.

Looking for more investment ideas beyond Everpure?

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• Explore income potential by reviewing a 12 dividend fortresses that could complement a growth focused position like Everpure.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.