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EverCommerce price target lowered to $10 from $12 at Jefferies

Jefferies analyst Samad Samana lowered the firm’s price target on EverCommerce (EVCM) to $10 from $12 and keeps a Hold rating on the shares. Q4 revenue beat expectations and Q1 and 2025 guidance bracketed consensus after backing out the estimated impact from the decision to divest the MarTech business segment, the analyst tells investors. While the firm views the intended divestiture as “a step in the right direction,” it believes there is further work to be done before investors can underwrite the stock.

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