B. Riley raised the firm’s price target on EverQuote to $8 from $7 and keeps a Neutral rating on the shares. EverQuote’s Q3 results included better than expected revenue, and management was relatively more conservative in its 2024 outlook than some peers, the analyst tells investors in a research note. The firm is increasingly confident that a leaner EverQuote is well-positioned to return to more meaningful EBITDA generation in 2024 and beyond.
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