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Fly News Breaks for May 22, 2018
EVBG
May 22, 2018 | 08:38 EDT
Needham analyst Scott Berg raised his price target on Everbridge to $50 after meting with its CFO Ken Goldman. The analyst says he is now more confident that the company has "multiple opportunities" to outperform its FY18 guidance amid the positive sales force changes and given the favorable end-market dynamics. Berg keeps his Buy rating on Everbridge, adding that he is also positive on its "disciplined" approach to revenue growth while also anticipating further margin expansion in FY21.
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