B. Riley raised the firm’s price target on EverQuote to $18 from $14 and keeps a Buy rating on the shares. The analyst’s most recent checks were “incrementally more positive” on year-to-date spending levels for the insurance lead generation space. Allstate (ALL) has joined Progressive (PGR) in ramping up spending levels, including in some of the states that have been the most challenged in recent year, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EVER:
- EverQuote price target raised to $15 from $10 at Needham
- QuinStreet price target raised to $14 from $10 at Craig-Hallum
- EverQuote to Participate at the 26th Annual Needham Growth Conference
- The Internet stocks to own in 2024, according to JPMorgan
- Raymond James gets more bullish on EverQuote, upgrades shares
