In a report released today, Richard Davis from Canaccord Genuity maintained a Buy rating on Everbridge Inc (NASDAQ: EVBG), with a price target of $57. The company’s shares opened today at $48.61.
According to TipRanks.com, Davis is a top 25 analyst with an average return of 34.1% and a 75.1% success rate. Davis covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Altair Engineering Inc, and Upland Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Everbridge Inc with a $57.75 average price target, implying a 18.8% 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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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 $4.23 million.
Based on the recent corporate insider activity of 84 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.
