EverQuote price target raised to $38 from $30 at Needham

Needham analyst Mayank Tandon raised the firm’s price target on EverQuote (EVER) to $38 from $30 and keeps a Buy rating on the shares. The company posted Q4 results that came in well above expectations across the board as auto carrier marketing spend continued to recover, and given the improving operating environment, the management’s above-consensus Q1 guide reflects an impressive 73% growth in revenue and healthy profitability levels, the analyst tells investors in a research note.