Fly News Breaks for February 19, 2020
Feb 19, 2020 | 07:27 EDT
Raymond James analyst Brian Peterson raised his price target for Everbridge to $105 from $100 and reiterated an Outperform rating following the company's "impressive" Q4 results, which included a significant 27% beat for calculated billings. Peterson tells investors in a research note that it's clear that Everbridge's enterprise/international/CEM results are all going quicker than expected, and should give investors confidence that the +30% guidance for 2020 looks conservative. While shares have rebounded 36% since the Q3 report, he continues to believe that Everbridge can sustain 30%+ growth.
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