Coastal Financial price target raised to $155 from $140 at TD Cowen

TD Cowen analyst Steven Alexopoulos raised the firm’s price target on Coastal Financial (CCB) to $155 from $140 and keeps a Buy rating on the shares. The firm held investor meetings with management and noted with a major expense buildout to support a pace of partner growth which was multiples above the typical run-rate now behind the company, revenue growth is poised to ramp while expense growth materially decelerates.