These Analysts Slash Price Targets On Everbridge Following Q2 Results

Everbridge, Inc EVBG reported better-than-expected Q1 results.

Everbridge clocked an 8% revenue growth in the first quarter of FY23 to $108.27 million, beating the consensus of $106.39 million. The company registered an adjusted EPS of $0.25, beating the analyst consensus of $0.13.

Everbridge sees Q2 revenue of $110 million-$110.5 million, higher than the consensus of $109.36 million. EVBG sees non-GAAP EPS of $0.26-$0.27, below the consensus of $0.32.

Everbridge shares rose 0.8% to $26.64 on Wednesday.

These analysts made changes to their price targets on Everbridge after the company reported quarterly results.

• Barclays cut the price target on Everbridge from $32 to $27. Barclays analyst Ryan Macwilliams maintained an Equal-Weight rating.
• Baird lowered Everbridge price target from $34 to $28. Baird analyst William Power maintained a Neutral rating on the stock.
• Raymond James cut Everbridge price target from $39 to $34. Raymond James analyst Alexander Sklar maintained an Outperform rating on the stock.
• Truist Securities slashed the price target on Everbridge from $32 to $27. Truist Securities analyst Terry Tillman maintained the stock with a Hold.