Wells Fargo Slashes Everbridge Price Target by 48 Percent

Wells Fargo Slashes Everbridge Price Target by 48 Percent
A flag waves outside of a Wells Fargo bank branch in San Francisco, Calif., on Oct. 3, 2008. Justin Sullivan/Getty Images
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Everbridge Inc stated that IT Central Station, a peer review site for enterprise technology, ranked its Digital Operations Platform as the top IT Alerting and Incident Management solution. The Critical Event Management (CEM) for Digital technology is now fully integrated following the company’s recent acquisition of xMatters.

Analyst Rating: Wells Fargo analyst Michael Turnin lowered the firm’s price target on Everbridge to $65 from $125, implying an 8 percent downside.