KeyBanc Sticks to Its Hold Rating for Everbridge Inc (EVBG)
KeyBanc analyst Brent Bracelin maintained a Hold rating on Everbridge Inc (EVBG) yesterday. The company’s shares closed yesterday at $91.32, close to its 52-week high of $92.11.
“We came away from management discussions with an upward bias to the 2020 consensus growth estimate of 30% growth vs. 40% actual last quarter.”
According to TipRanks.com, Bracelin is a top 25 analyst with an average return of 30.1% and a 76.2% success rate. Bracelin covers the Technology sector, focusing on stocks such as Tyler Technologies, Coupa Software Inc, and Salesforce.com.
Currently, the analyst consensus on Everbridge Inc is a Strong Buy with an average price target of $86.
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The company has a one-year high of $92.11 and a one-year low of $41.94. Currently, Everbridge Inc has an average volume of 514.1K.
Based on the recent corporate insider activity of 68 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.