JPMorgan analyst Cory Carpenter lowered the firm’s price target on EverQuote (EVER) to $22 from $32 and keeps an Overweight rating on the shares. The company beat its outlook “across the board and delivered record seasonal growth,” the analyst tells investors in a research note. The firm cites the Q4 upside to the ramping of new marketing channels and a strong finish to the year with EverQuote’s largest carrier partners. JPMorgan believes the shares offer “compelling value” at current levels.
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