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Everbridge, Inc. (NASDAQ: EVBG) has got the attention of at least eight brokerages on Tuesday. There is unanimity among them that the stock is worth buying at current levels. However, each of the firms has initiated the coverage at a different target prices.
The company went public September 15 with 7.5 million shares priced at $12.00 a share. Although the stock dipped below the IPO price to $11.76 on the opening day of September 16, it recovered significantly to deliver more than 30 percent returns in less than a month.
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The following brokerages initiated coverage:
Bully For The Bulls
- Bank of America commenced with a Buy rating.
- Canaccord Genuity initiated with a Buy rating.
- Credit Suisse sets a target price of $21 as the company is well-placed to take advantage of the enterprise critical communication software market that is estimated at $31.9 billion in 2020. The firm set an Outperform rating.
- KeyBanc Capital Markets establishes price objective of $19 on the expectations that the company could deliver more than 25 percent revenue as a SaaS pure-play and leader in Mass Notification. The firm rates at Overweight.
- Pacific Crest commenced with an Overweight rating and $19 as the price objective.
- Raymond James initiated the stock with an Outperform rating and a price target of $20.00.
- Stifel initiated with a Buy rating and a target price of $20.
- William Blair started with an Outperform rating.
At last check, Everbridge traded at $16.05, adding $0.29, or 1.85 percent.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.