B. Riley raised the firm’s price target on EverQuote to $25 from $18 and keeps a Buy rating on the shares. EverQuote reported Q4 results that surprised to the upside while providing Q1 revenue guidance well ahead of consensus estimates, the analyst tells investors in a research note. The firm believes the better-than-expected Q1 guide will result in meaningful positive estimate revisions among competitors with prior 2024E consensus revenue/EBITDA of $269M/$3.5M now looking much too conservative.
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: