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Fly News Breaks for February 19, 2020
Feb 19, 2020 | 08:44 EDT
SunTrust analyst Terry Tillman raised his price target on Everbridge to $115 and kept his Buy rating after its Q4 earnings beat. The analyst says the quarter was driven by the significant increase in large critical event management, or CEM, deal metrics, while its overall net customer growth also topped expectations. Tillman believes that Everbridge can sustain its 30%-plus growth rate based on its growth engines such as "countrywide population alerting deals, state and local strength, continued ramp in CEM in U.S. and internationally."