2024-04-30 10:18:00 ET
Summary
- EverCommerce Inc. provides software solutions for small and medium-sized businesses, or SMBs, in the healthcare, wellness, and home service sectors.
- The company is experiencing slower growth, and its transformation efforts will take a long time.
- The market for IT spending in SMBs is projected to reach $988 billion by 2030, with China as the highest-growing region.
- I'm downgrading my outlook for EverCommerce Inc. stock to Neutral - Hold on slower revenue growth.
Investment Outlook
EverCommerce Inc. ( EVCM ) sells vertically integrated software solutions to small and medium-sized businesses, or SMBs, in the healthcare, wellness and home service sectors....
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EverCommerce To Extend Transformation As Headwinds Continue (Downgrade)