Keefe, Bruyette & Woods has decided to maintain its Market Perform rating of Porch Group PRCH and lower its price target from $2.00 to $1.50.
Shares of Porch Group are trading down 5.15% over the last 24 hours, at $1.29 per share.
A move to $1.50 would account for a 16.28% increase from the current share price.
About Porch Group
Porch Group Inc provides vertical software platforms and services to home service industries. It offers software and services to home inspectors, moving companies, real estate agencies, utility companies, and warranty companies. The company primarily generates revenue from fees received for connecting homeowners to customers in its referral network, which consists of individual contractors, small businesses, and large enterprises.
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