Weave Communications Inc (WEAV) PT Raised to $17 at Piper Sandler

Piper Sandler analyst Brent Bracelin raised the price target on Weave Communications Inc (NYSE: WEAV) to $17.00 (from $16.00) while maintaining a Overweight rating.

The analyst commented, "We were pleased by another quarter of solid execution as profitability materialized on a $1.2M top-line beat (vs. mid-point guidance of $51.2M). Q3 marks the second straight quarter of 20%+ subscription growth. We are raising our PT to $17 from $16 on slightly higher estimates and increasing confidence that new products and partnerships could drive further upside into next year and beyond. WEAV remains a small-cap turnaround that is uniquely positioned as a vertical SaaS model with high gross retention model of 91-94% within specialty medical, dental, optometry, and veterinary offices."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Full Circle Lithium closes $5.14M private placement
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating