EverQuote price target raised to $26 from $18 at Craig-Hallum

Craig-Hallum raised the firm’s price target on EverQuote to $26 from $18 and keeps a Buy rating on the shares. The firm notes EverQuote reported strong results with a big uptick in guidance, indicating the reacceleration of marketing budgets by auto insurance carriers is starting to take shape. While the uptick in top-line estimates is a key positive, Craig-Hallum points to sharp improvements in EBITDA as a key driver of change at EverQuote.