Needham & Company Starts Everbridge (EVBG) at Buy

Needham & Company initiates coverage on Everbridge (NASDAQ: EVBG) with a Buy rating and a price target of $25.00.

Analyst Scott Berg is positive on the company’s end markets, commonly referred to as the Critical Events Management solutions market, which is ripe for modernization.

Berg said the company is positioned to sustain a 20% revenue growth profile for several years in a nascent end market seeking mature solutions.

For an analyst ratings summary and ratings history on Everbridge click here. For more ratings news on Everbridge click here.

Shares of Everbridge closed at $20.74 yesterday.

You May Also Be Interested In

• Needham Starts Pulse Biosciences (PLSE) at Buy
• BWS Financial Downgrades Inter Parfums (IPAR) to Sell
• Deutsche Bank Downgrades SentinelOne Inc (S) to Hold on Valuation