EverQuote price target lowered to $25 from $28 at JPMorgan

JPMorgan lowered the firm’s price target on EverQuote (EVER) to $25 from $28 and keeps an Overweight rating on the shares. The firm top picks in small cap internet and video games heading into 2025 are Take Two (TTWO) and Xometry (XMTR). EverQuote was JPMorgan’s top pick in 2024 as the “cleanest way to play” the auto carrier recovery. It expects another year of outsized 20%-plus industry growth in 2025 as more states reopen and carrier spend broadens, but says the magnitude of “beats/raises should moderate” with the auto carrier recovery now in the mid-to-late stages and elevated uncertainty.