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Fly News Breaks for May 7, 2019
EVBG
May 7, 2019 | 08:25 EDT
Needham analyst Scott Berg raised his price target on Everbridge to $85 and kept his Buy rating after its Q1 earnings beat and better than expected FY19 outlook, saying this year appears to be an "inflection point" for the company's profitability trajectory. The analyst also expects the billings growth at Everbridge to power the stock further from its "current high levels", noting that its operational execution has been "stellar" as Q1 metrics have shown continued progress with 90 multi-product wins vs. 70 in Q1 of last year.
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