Needham Trims EverQuote Price Target After Softer Q1 Guidance; Buy Rating Stands
Needham reduced its price target on EverQuote (EVER) to $25 from $40 while keeping a Buy rating after the insurtech reported record fourth-quarter results and provided first-quarter guidance below consensus. The company posted strong Q4 metrics driven by increased carrier spending, reiterated a plan to reach $1 billion in revenue within two to thre…