Porch Group price target raised to $21 from $17 at Benchmark

Benchmark raised the firm’s price target on Porch Group (PRCH) to $21 from $17 and keeps a Buy rating on the shares. After having recently had a chance to catch up with the management team at the firm’s TMT conference, the analyst tells investors that “nothing we heard suggests that a divot in the road might be coming or that it is time to get off this ride.” The analyst adds that Porch has “multi-year compounder written all over it and remains one of our top ideas both in the short- and long-term.”