RBC Capital lowered the firm’s price target on EverCommerce (EVCM) to $11 from $14 but keeps an Outperform rating on the shares. The company posted a solid end to the year relative to expectations as revenue and adjusted EBITDA beat expectations and the high-end of guidance, while the management’s 2025 guidance excludes MarTech contributions, which the company plans to sell in 2025, the analyst tells investors in a research note. Despite the noise this introduces, EverCommerce’s underlying business trends are “stable/positive”, the firm adds.
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Read More on EVCM:
- EverCommerce’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
- EverCommerce price target lowered to $12 from $13 at Oppenheimer
- EverCommerce price target lowered to $10 from $12 at Jefferies
- EverCommerce price target lowered to $9 from $12 at Barclays
- EverCommerce Reports Revenue Growth and Strategic Moves
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