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Fly News Breaks for February 19, 2020
EVBG
Feb 19, 2020 | 07:44 EDT
Canaccord analyst Richard Davis raised his price target on Everbridge to $105 from $90 following solid Q4 results. The analyst showed a promising view of growth in 2020 and plans that call for a bit more investment than expected. He believes the market will give Everbridge a pass on its increased spending as its many irons in the fire can propel the shares higher in 2020. Davis reiterated his Buy rating on Everbridge shares.