Everbridge price target raised to $39 from $32 at Raymond James

Raymond James analyst Brian Peterson raised the firm’s price target on Everbridge to $39 from $32 and keeps an Outperform rating on the shares ahead of the Q4 results. Raymond James sees a "less eventful" report given an early outlook and December’s investor day, the analyst tells investors in a research note. While the current macro and recent leadership changes could combine for a difficult bookings quarter, Raymond James expect this has already been contemplated in its initial 2023 baseline outlook of 6%-7% top line growth.