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Fly News Breaks for February 20, 2019
EVBG
Feb 20, 2019 | 09:01 EDT
Needham analyst Scott Berg raised his price target on Everbridge to $75 and kept his Buy rating after its Q4 earnings beat and FY19 guidance raise implying that bookings were "much stronger than expected". The analyst further cites the growth in the company's multi-product deals of 33% and notes that the Q4 billings miss was due to the roll-off of its long-term deferred revenues.
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