Canaccord analyst T. Michael Walkley lowered the firm’s price target on Everbridge to $32 from $38 and keeps a Buy rating on the shares. The firm said they posted solid Q3 results slightly ahead of estimates as the company continued to execute its previously announced strategic changes to end various non-core products and shift GTM strategies.
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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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