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EverCommerce price target raised to $14 from $13 at Canaccord

Canaccord raised the firm’s price target on EverCommerce (EVCM) to $14 from $13 and keeps a Buy rating on the shares. The firm said EverCommerce is off to a good start in 2025. Pro forma revenue growth in Q1 came in at 7.4%, the highest growth rate seen in 6 quarters. EverCommerce had an excellent quarter when it comes to the enablement of second products beyond core business management, namely payments.

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