Pacific Crest Starts Everbridge (EVBG) at Overweight

October 11, 2016 7:34 AM EDT
Get Alerts EVBG Hot Sheet
Price: $14.55 -4.15%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
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Pacific Crest initiated coverage on Everbridge (NASDAQ: EVBG) with an Overweight rating and a price target of $19.00.

"We are initiating on EVBG at Overweight based on tailwinds that position this SaaS pure-play and leader in mass notification to sustain 25%+ growth driven by: (1) a rising threat landscape from natural disasters, active shooters and terrorist plots, (2) healthy new customer adds, (3) robust land-and-expand opportunities, and (4) international expansion," said analyst Brent Bracelin.

For an analyst ratings summary and ratings history on Everbridge click here. For more ratings news on Everbridge click here.

Shares of Everbridge closed at $15.76 yesterday.

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