Canaccord Genuity Downgrades Everbridge to Hold, Announces $28.6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Michael Walkley downgraded Everbridge (NASDAQ:EVBG) from Buy to Hold and set a price target of $28.6.
February 05, 2024 | 5:30 pm
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Everbridge was downgraded by Canaccord Genuity from Buy to Hold with a price target of $28.6.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark that may influence investor expectations and market sentiment towards the stock.
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