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Fly News Breaks for August 20, 2019
EVER
Aug 20, 2019 | 07:34 EDT
Needham analyst Mayank Tandon raised his price target on EverQuote to $27 and kept his Buy rating after meeting with its CFO John Wagner for the inaugural FinTech 1X1Conference. The analyst says the discussions boosted his confidence that the company can sustain its "robust" operating momentum given the "strong demand" from insurance carriers and agents, along with its improvements in execution. Tandon adds that EverQuote has demonstrated its ability to attract customers to its platform thanks to its "user-friendly experience and sizable cost savings."
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