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Fly News Breaks for August 10, 2018
EVER
Aug 10, 2018 | 07:19 EDT
Needham analyst Mayank Tandon initiated EverQuote with a Buy rating and a price target of $20, citing its position of operating in the largest online marketplace for insurance in the United States. The analyst expects the company to continue generating "robust revenue growth" as insurance transactions increasingly move online. Tandon also sees potential for "significant variable marketing margin expansion" for EverQuote as its business model scales.
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