EverCommerce Inc (EVCM) PT Raised to $12 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on EverCommerce Inc (NASDAQ: EVCM) to $12.00 (from $11.00) while maintaining a Outperform rating.

The analyst comments "Results were solid vs expectations highlighted by +5.6% revenue growth and 24% EBITDA margin; CY/24 guidance was unchanged as macros appear stable. More qualitatively, management remains focused on its optimization and transformation initiatives to better align the business, with the impact to be fully materialized by FY/26. Overall, we like the building blocks in place to deliver accelerated growth and margin expansion. Maintain OP and raising PT to $12 on peer multiple expansion."

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