Barclays Maintains Equal-Weight on EverCommerce, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ryan Macwilliams maintains an Equal-Weight rating on EverCommerce (NASDAQ:EVCM) and lowers the price target from $10 to $9.

March 15, 2024 | 10:10 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on EverCommerce and lowers the price target from $10 to $9.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of EverCommerce. The maintenance of an Equal-Weight rating indicates that the analyst sees the company as fairly valued at its current price, but the lowered price target suggests a recalibration of its future growth or performance expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100