Deutsche Bank Maintains Hold Rating for Engagesmart: Here's What You Need To Know

Deutsche Bank has decided to maintain its Hold rating of Engagesmart ESMT and lower its price target from $26.00 to $23.00.

Shares of Engagesmart are trading down 1.0% over the last 24 hours, at $18.81 per share.

A move to $23.00 would account for a 22.28% increase from the current share price.

About Engagesmart

Engagesmart Inc is a provider of vertically tailored customer engagement software and integrated payments capabilities. It offers single instance, multi-tenant, true Software-as-a-Service vertical solutions that are designed to simplify customers' engagement with clients by driving digital adoption and self-service. Its operating segments include Enterprise Solutions and SMB Solution.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.