Stifel Nicolaus Believes Everbridge Inc (NASDAQ: EVBG) Still Has Room to Grow

Stifel Nicolaus analyst Tom Roderick reiterated a Buy rating on Everbridge Inc (NASDAQ: EVBG) today and set a price target of $45. The company’s shares closed yesterday at $39.65, close to its 52-week high of $40.81.

According to TipRanks.com, Roderick is a 5-star analyst with an average return of 15.8% and a 68.1% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Salesforce.com, and Sendgrid Inc.

Currently, the analyst consensus on Everbridge Inc is Strong Buy and the average price target is $42.13, representing a 6.3% upside.

In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $45 price target.

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The company has a one-year high of $40.81 and a one-year low of $21.56. Currently, Everbridge Inc has an average volume of 295.5K.

Based on the recent corporate insider activity of 44 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.