On Nov 13, major Wall Street analysts update their ratings for $EverCommerce (EVCM.US)$, with price targets ranging from $12 to $15.
Barclays analyst Ryan MacWilliams maintains with a hold rating, and adjusts the target price from $9 to $12.
Oppenheimer analyst Brian Schwartz maintains with a buy rating, and adjusts the target price from $12 to $13.
RBC Capital analyst Matthew Hedberg maintains with a buy rating, and adjusts the target price from $12 to $14.
JMP Securities analyst Aaron Kimson maintains with a buy rating, and adjusts the target price from $12 to $15.
Furthermore, according to the comprehensive report, the opinions of $EverCommerce (EVCM.US)$'s main analysts recently are as follows:
The stable small business purchasing environment and improving sales cycles indicate a more optimistic path forward for EverCommerce following the Q3 report.
EverCommerce's Q3 results surpassed expectations, displaying signs of stability across its metrics. The company also reported robust EBITDA and cash generation during the third quarter.
EverCommerce's third-quarter results surpassed consensus expectations in terms of total revenue and adjusted EBITDA. However, certain critical indicators showed signs of weakness, with net revenue retention dropping to 96% on a trailing twelve-month basis and a slowdown in Payments revenue growth. Despite management's optimistic outlook on the operational transformation strategy and potential for cross-selling, it's anticipated that investors may retain a cautious stance until signs of revenue re-acceleration are evident.
Here are the latest investment ratings and price targets for $EverCommerce (EVCM.US)$ from 4 analysts:
Note:
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