JMP Securities analyst Patrick Walravens raised the firm’s price target on EverCommerce (EVCM) to $15 from $12 and keeps an Outperform rating on the shares. EverCommerce reported strong Q3 results but mixed guidance, the analyst tells investors in a research note. The firm continues to like EverCommerec as the company is seeing stronger-than-anticipated performance in the highest quality revenue line, accelerating sequentially to 8.3% year over year pro forma revenue growth in Q3 from 7.3% in Q2, and while the company declined to guide to 2025, founder and CEO Eric Remer commented that “a lot of what we talked about the transformation/optimization we’ve done through ’24, we believe, sets us up for a reacceleration more towards the back half of ’25 and into ’26,” the analyst tells investors in a research note.
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Read More on EVCM:
- EverCommerce price target raised to $13 from $12 at Oppenheimer
- EverCommerce price target raised to $12 from $9 at Barclays
- EverCommerce price target raised to $12 from $10 at Jefferies
- EverCommerce Reports Mixed Q3 2024 Financial Results
- EverCommerce reports Q3 EPS (5c), consensus (1c)
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