Truist Securities Maintains Hold Rating for Everbridge: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained a Hold rating for Everbridge (NASDAQ:EVBG) but lowered its price target from $23.00 to $20.00. Everbridge's shares are currently down 5.13% at $19.14. The new price target suggests a potential upside of 4.47% from the current price. Everbridge is a software company specializing in critical event management and derives significant revenue from the U.S.
November 10, 2023 | 5:00 pm
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Truist Securities maintains a Hold rating on Everbridge with a reduced price target of $20, indicating a slight potential upside from the current trading price of $19.14.
The maintenance of a Hold rating combined with a lowered price target suggests that Truist Securities sees limited upside potential for Everbridge. However, the new target still implies a potential increase in share price, which could lead to a positive short-term impact. The recent drop in share price may also make the stock more attractive to investors seeking entry points.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100