In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Everbridge Inc (NASDAQ: EVBG), with a price target of $55. The company’s shares closed yesterday at $47.48.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.4% and a 61.5% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Vonage Holdings, and RingCentral.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everbridge Inc with a $57.25 average price target, implying a 20.6% upside from current levels. In a report released yesterday, KeyBanc also reiterated a Buy rating on the stock with a $58 price target.
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Based on Everbridge Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $16.92 million. In comparison, last year the company had a GAAP net loss of $3.44 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.
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Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events.
