Porch Group price target raised to $22 from $21 at Benchmark

Benchmark analyst Daniel Kurnos raised the firm’s price target on Porch Group (PRCH) to $22 from $21 and keeps a Buy rating on the shares. A $15M revenue beat in Q1 was “a good 50% better than the high end of our outperformance expectations” and revenue guidance was raised by $20M at the low end and $17M at the high end, the analyst tells investors.