In a report released today, Mayank Tandon from Needham reiterated a Buy rating on EverQuote, with a price target of $40.00.
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Mayank Tandon has given his Buy rating due to a combination of factors that highlight EverQuote’s promising growth trajectory and profitability potential. The recent discussions with EverQuote’s CFO, Joseph Sanborn, have reinforced confidence in the company’s ability to meet its medium-term goals, including achieving substantial revenue growth and expanding EBITDA margins annually.
EverQuote’s strategic focus on enhancing insurance carrier demand and leveraging the shift towards digital advertising is expected to drive sustainable growth. As the company continues to introduce new solutions and capitalize on favorable market conditions, there is potential for exceeding market expectations and a positive re-evaluation of its stock. Consequently, Tandon maintains a Buy rating with a target price of $40.
In another report released on November 5, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $27.00 price target.
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVER in relation to earlier this year.