Porch Group price target raised to $14 from $9 at Oppenheimer

Oppenheimer raised the firm’s price target on Porch Group (PRCH) to $14 from $9 and keeps an Outperform rating on the shares. The firm is raising its estimates and price target on greater confidence that Porch Group will maintain gross margin levels. While 2026 revenue is largely unchanged, Oppenheimer is increasing insurance gross margins to 87%, in line with 2025’s.