Reported 1 day ago
Keefe Bruyette & Woods has increased the price target for Porch Group (NASDAQ:PRCH) from $7 to $16, maintaining a 'Market perform' rating, following the company’s impressive second-quarter results and new capital-light operating structure. The firm's positive outlook is bolstered by Porch Group’s growth prospects and better-than-expected earnings, which report $119.2 million in revenue and an EBITDA forecast of $68 million.
Source: YAHOO