Is ePlus inc. (NASDAQ:PLUS) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating ePlus inc. at current levels.
An unloved IT reseller pivoting to AI infrastructure and services, trading at 13x forward earnings while the market sleeps on the transition.
Where PLUS is headed
ePlus is in the middle of a quiet but real identity change, and the market is still pricing it like a 1990s box-mover. The legacy business is selling Cisco gear and HPE storage to mid-market customers, which is exactly the kind of low-margin reseller story that deserves a 10-12x multiple. But look at what is growing inside the wrapper: managed services, AI advisory, security consulting, and consumption-based financing on GPU clusters. By late 2027, services and recurring revenue should clear 35% of gross profit, up from the low 20s a few years back. That mix shift alone justifies a re-rate toward 18-20x earnings, even before you assume any acceleration.
Read the full Compass Direction on PLUS
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $81.98).
See the full PLUS analysisGet calls like this, free
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Frequently asked questions
Is ePlus inc. (NASDAQ:PLUS) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating ePlus inc. at current levels. An unloved IT reseller pivoting to AI infrastructure and services, trading at 13x forward earnings while the market sleeps on the transition.
What is PLUS's Compass Score?
ePlus inc. scores 90/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for PLUS?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the PLUS page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.