Everbridge (EVBG) Receives a Buy from Raymond James

Raymond James analyst Brian Peterson reiterated a Buy rating on Everbridge (EVBGResearch Report) today and set a price target of $165.00. The company’s shares closed last Thursday at $117.98.

According to TipRanks.com, Peterson is a top 25 analyst with an average return of 34.8% and a 75.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, Inc., BigCommerce Holdings, and Manhattan Associates.

Everbridge has an analyst consensus of Strong Buy, with a price target consensus of $161.25, which is a 39.0% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $180.00 price target.

See today’s analyst top recommended stocks >>

Based on Everbridge’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $65.38 million and GAAP net loss of $19.22 million. In comparison, last year the company earned revenue of $48.41 million and had a GAAP net loss of $12.06 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.