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EverCommerce price target raised to $10 from $9 at Piper Sandler

Piper Sandler raised the firm’s price target on EverCommerce (EVCM) to $10 from $9 and keeps a Neutral rating on the shares. The firm notes Q2 results brought modest upside again across top and bottom line, with a $2M or 1% upside on revenue and $4.5M on EBITDA. However, beyond the P&L 2Q demonstrated another sharp spike in 1+ Solution utilizing customers up to 112K.

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