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Fly News Breaks for May 7, 2019
EVBG
May 7, 2019 | 08:29 EDT
Credit Suisse analyst Brad Zelnick raised his price target for Everbridge to $85 from $72 after the company reported "strong" Q1 results and raised fiscal year revenue guidance beyond the beat. Data points on new CEM deals and International adoption during the quarter leave him constructive on the substantial opportunity remaining in the public sector, and continued traction in Critical Event Management, driving growth in multi-product deals and ASP. The analyst reiterates an Outperform rating on the shares.
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