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Fly News Breaks for September 9, 2019
EVBG
Sep 9, 2019 | 08:58 EDT
Baird analyst William Power said the weakness in Everbridge is a buying opportunity. He noted the shares dropped last week on a combination of broader high multiple SaaS weakness and a possible delayed reaction to a management change announced on Wednesday. He believes the new Chief Revenue Officer should benefit the company both medium and long-term nd he remains positive on the company's multiple growth opportunities. Power reiterated his Outperform rating and $100 price target on Everbridge shares.
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