Canaccord downgraded Everbridge to Hold from Buy with a $28.60 price target after company announced an agreement to be acquired by Thoma Bravo in an all-cash transaction valuing Everbridge at approximately $1.5B, or $28.60 per share.
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Read More on EVBG:
- M & A News: Everbridge (NASDAQ:EVBG) Rockets on $1.5B Deal with Thoma Bravo
- Canaccord Says These 3 Communications Software Stocks Are Down but Not Out, Forecasting up to 160% Upside
- Wells Fargo more bearish on Everbridge, downgrades to Underweight
- Everbridge downgraded to Underweight from Equal Weight at Wells Fargo
