Raymond James analyst John Davis raised the firm’s price target on Evertec (EVTC) to $42 from $39 and keeps an Outperform rating on the shares. The Q1 results featured a 9% adjusted beat on 5% top line upside relative to the Street, the analyst tells investors in a research note. The firm expects estimates to be largely unchanged, although the organic acceleration is the clear highlight.
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Read More on EVTC:
- Evertec’s Strong Growth and Strategic Acquisitions Drive Buy Rating Amid Economic Challenges
- Evertec price target raised to $44 from $42 at Keefe Bruyette
- EVERTEC, Inc. Reports Strong Q1 2025 Results
- Evertec sees FY25 adjusted EPS $3.44-$3.53, consensus $3.41
- Evertec reports Q1 EPS 87c, consensus 80c