Northland Securities analyst Michael Grondahl maintained a Buy rating on Porch Group (PRCH – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $3.39.
According to TipRanks, Grondahl is a 5-star analyst with an average return of 10.1% and a 48.03% success rate. Grondahl covers the Financial sector, focusing on stocks such as Lendingtree, Encore Capital, and Green Dot.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Porch Group with a $5.55 average price target, implying a 63.72% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock with a $5.00 price target.
Based on Porch Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $114.61 million and a GAAP net loss of $2.49 million. In comparison, last year the company earned a revenue of $64.11 million and had a GAAP net loss of $35.47 million
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Porch Group (PRCH) Company Description:
PropTech Acquisition Corp is an organized blank check company.
Read More on PRCH:
- Porch Group Q1 Earnings Call and Regulation FD Compliance
- Porch Group sees 2024 revenue $450M-$470M, consensus $461.19M
- Porch Group reports Q1 EPS (14c), consensus (34c)
- Porch Group Unveils Executive Incentive Plan for Long-Term Growth
- Porch Group announces enhancements, price increases in inspection software
