After Robert W. Baird and Canaccord Genuity gave Everbridge Inc (NASDAQ: EVBG) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Brent Bracelin maintained a Buy rating on Everbridge Inc today and set a price target of $58. The company’s shares closed yesterday at $51.21.
According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 20.0% and a 70.6% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Salesforce.com, and Ellie Mae Inc.
Currently, the analyst consensus on Everbridge Inc is a Strong Buy with an average price target of $57.60, a 12.5% upside from current levels. In a report issued on October 22, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $60 price target.
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The company has a one-year high of $63 and a one-year low of $23.87. Currently, Everbridge Inc has an average volume of 376.4K.
Based on the recent corporate insider activity of 85 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.
