Truist lowered the firm’s price target on Everbridge to $20 from $23 and keeps a Hold rating on the shares. The company reported a “solid” Q3 as management noted improving business trends, though the firm’s reduced price target reflects continued macro concerns and reduced FY24 revenue view to $466M from $475M, the analyst tells investors in a research note.
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Read More on EVBG:
- Everbridge price target lowered to $32 from $38 at Canaccord
- Everbridge price target lowered to $21 from $25 at Baird
- 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
