In a report released yesterday, Brent Bracelin from KeyBanc maintained a Hold rating on Everbridge Inc (EVBG). The company’s shares closed yesterday at $74.01, close to its 52-week high of $76.60.
Bracelin observed:
“We are raising estimates and our bull case to $89 as EVBG’s execution continues to show promising, but early, results in bundling CEM applications for substantially larger ASPs across its 4,500-customer installed base. We remain Sector Weight as optimism seems appropriately reflected at 8.7x 2020 EVS vs. the peer group at 8.5x 2020 EVS. Revenue beats; seven new CEM customers and 90 multi-product deals.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 29.4% and a 77.6% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Coupa Software Inc, and Salesforce.com.
Everbridge Inc has an analyst consensus of Strong Buy, with a price target consensus of $74.50.
See today’s analyst top recommended stocks >>
The company has a one-year high of $76.60 and a one-year low of $39.71. Currently, Everbridge Inc has an average volume of 408.7K.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
