In a report released today, Scott Berg from Needham maintained a Buy rating on Everbridge Inc (EVBG), with a price target of $100. The company’s shares opened today at $97.02, close to its 52-week high of $97.15.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 18.3% and a 69.4% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Upland Software, and Pluralsight Inc.
Everbridge Inc has an analyst consensus of Strong Buy, with a price target consensus of $94.56, which is a -2.5% downside from current levels. In a report released today, Stephens also assigned a Buy rating to the stock with a $98 price target.
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Based on Everbridge Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.13 million. In comparison, last year the company had a GAAP net loss of $12.34 million.
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.
