Canaccord raised the firm’s price target on EverCommerce to $13 from $12 and keeps a Buy rating on the shares. The firm said they had a pretty solid start to the year as Payments revenue and enablement continued to grow as the firm’s cross-sell expansion motion drives multi-product adoption within the base, and gross margins came in over 66% in the quarter thanks to a lower mix of MarTech solutions revenue and greater higher margin Payments revenue.
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