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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EVER:
- EverQuote sees FY23 revenue $420M-$435M, consensus $435.8M
- EverQuote sees Q1 revenue $101M-$105M, consensus $101.8M
- EverQuote reports Q4 EPS (26c), consensus (27c)
- EverQuote Announces Fourth Quarter and Full Year 2022 Financial Results
- EverQuote to Announce Fourth Quarter and Full Year 2022 Financial Results on February 27, 2023