Everbridge (EVBG) PT Raised to $27 at Stifel Following 1Q

Stifel raised its price target on Everbridge (NASDAQ: EVBG) to $27.00 (from $22.00) while maintaining a Buy rating. Everbridge reported 1Q17 financial results that came in ahead of consensus across all key metrics. Total revenue of $22.8mn came in ahead of consensus of $22.1mn. Calculated bookings of $26.1mn also came in ahead of consensus of $24.2mn.

For the second quarter, management is targeting total revenue, non-GAAP EPS, and Adj. EBITDA of $24.4mn-$24.6mn, ($0.08)-($0.07), and ($0.7mn)-($0.5mn) versus consensus of $24.2mn, ($0.09), and ($1.0mn).

You May Also Be Interested In

• Baidu (BIDU) PT Lowered to $150 at Benchmark on Near-Term Margin Concerns
• Klarna (KLAR) PT Lowered to $15 at BMO Capital
• Keysight Technologies (KEYS) PT Raised to $440 at UBS Amid Broad-Based AI Strength