Analyst Maria Ripps of Canaccord Genuity maintained a Buy rating on EverQuote, retaining the price target of $33.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Maria Ripps has given her Buy rating due to a combination of factors that highlight EverQuote’s strategic positioning and growth potential. The company has demonstrated resilience in maintaining carrier profitability despite challenges such as auto tariffs, with combined ratios remaining below typical targets. This financial health is expected to support a 20% growth trajectory in the medium term, even as the company navigates tough comparisons in the first half of 2026.
Additionally, EverQuote is poised to capitalize on AI-based search innovations, which could open new avenues for advertising and customer acquisition. The company is prepared to adapt to changes in search platforms, ensuring it remains competitive in attracting traffic. Furthermore, EverQuote anticipates significant growth in its Home & Renters vertical, which is expected to eventually outpace the Auto segment, offering substantial room for expansion. These strategic initiatives, along with potential diversification into other non-auto insurance sectors, underpin the positive outlook reflected in the Buy rating.
According to TipRanks, Ripps is a 5-star analyst with an average return of 21.7% and a 49.34% success rate. Ripps covers the Communication Services sector, focusing on stocks such as Netflix, Spotify, and MediaAlpha.
In another report released on August 8, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $27.00 price target.