Deutsche Bank cuts EverCommerce stock rating on weak results
Deutsche Bank downgraded EverCommerce (EVCM) to Hold, lowering its price target to $7.00 from $12.00 after weak Q3 results. Revenue missed guidance due to vendor rebates, delays, and soft customer acquisition. Deutsche Bank expects margin compression and uncertain revenue benefits from investments. EVCM's stock is down 31% YTD, trading at $8.35. Q3 EPS beat estimates but revenue fell short, with adjusted EBITDA margin decreasing to 29.7%.

