RBC Capital Maintains Outperform on EverCommerce, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on EverCommerce (NASDAQ:EVCM) but lowers the price target from $14 to $12.
November 07, 2023 | 6:11 pm
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EverCommerce's price target has been lowered from $14 to $12 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the short-term value of EverCommerce's stock. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market or its sector. This mixed signal could lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100