EverQuote shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 revenue guidance above estimates. Also, Needham maintained a Buy rating on the stock and raised its price target from $30 to $38.
Portfolio Pulse from Benzinga Newsdesk
EverQuote shares surged after the company reported strong Q2 financial results and issued optimistic Q3 revenue guidance. Needham maintained a Buy rating and raised its price target from $30 to $38.
August 06, 2024 | 12:16 pm
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EverQuote shares surged after the company reported strong Q2 financial results and issued optimistic Q3 revenue guidance. Needham maintained a Buy rating and raised its price target from $30 to $38.
The better-than-expected Q2 financial results and higher Q3 revenue guidance are positive indicators for EverQuote's future performance. Additionally, Needham's maintained Buy rating and increased price target further boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100