Baird analyst William Power lowered the firm’s price target on Everbridge to $21 from $25 and keeps a Neutral rating on the shares. The firm said they reported solid Q3 results, though the company lowered full-year guidance for the second consecutive quarter. Baird said while the improving margins are a positive, and valuation isn’t demanding, they suspect revenue growth uncertainties could remain an overhang.
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Read More on EVBG:
- Everbridge price target lowered to $20 from $25 at Barclays
- Everbridge backs FY23 adjusted EPS view $1.48-$1.52, consensus $1.49
- Everbridge sees Q4 adjusted EPS 48c-52c, consensus 51c
- Everbridge reports Q3 adjusted EPS 46c, consensus 42c
- Everbridge (EVBG) Q3 Earnings Cheat Sheet
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