JPMorgan raised the firm’s price target on EverQuote to $18 from $15 and keeps an Overweight rating on the shares post the Q4 results. The company is seeing the same trends as its peers, namely auto carrier spend inflecting significantly higher year-to-date, and its initial 2023 guide could prove conservative with beat/raise potential as 2023 progresses, the analyst tells investors in a research note. The firm expects EverQuote’s revenue to accelerate through the year.
Published first on TheFly
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