Oppenheimer Releases a Buy Rating on Everbridge (EVBG)

Oppenheimer analyst Andrew Uerkwitz assigned a Buy rating to Everbridge (EVBGResearch Report) today and set a price target of $180.00. The company’s shares closed last Thursday at $117.98.

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 24.2% and a 62.3% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Sonim Technologies, Tyler Technologies, and Axon Enterprise.

Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $160.71, implying a 38.6% upside from current levels. In a report issued on November 4, Stephens also maintained a Buy rating on the stock with a $140.00 price target.

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The company has a one-year high of $165.79 and a one-year low of $76.14. Currently, Everbridge has an average volume of 498.7K.

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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.