RBC Capital Maintains Outperform on EverCommerce, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on EverCommerce (NASDAQ:EVCM) but lowers the price target from $12 to $11.
March 15, 2024 | 4:21 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on EverCommerce but lowers the price target from $12 to $11.
The maintenance of an Outperform rating by RBC Capital suggests a positive outlook on EverCommerce's stock, indicating confidence in the company's future performance. However, the reduction in the price target from $12 to $11 could signal a tempered expectation for the stock's growth potential in the short term. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100