Shares of Everpure Inc (NYSE:P) (formerly Pure Storage) tanked on Thursday, despite the company reporting upbeat first-quarter results.

Here are the key analyst insights:

Guggenheim Securities analyst Howard Ma maintained a Buy rating, while raising the price target from $105 to $115.

Wedbush analyst Matt Bryson reiterated an Outperform rating, while lifting the price target from $100 to $105.

Check out other analyst stock ratings.

Guggenheim Securities: Everpure's total revenue climbed 35% year-on-year to $1.053 billion, beating consensus of $1.003 billion, driven by product revenue growing 55% and subscription services revenue up 17%, Ma said in a note.

Management indicated that the revenue outperformance was driven by "broad-based strength across all business segments and geographies," with price hikes and customer pull-forward representing nearly a third of the quarter's revenue growth, he added.

The analyst estimates new ACV (annual contract value) bookings to have grown by ...