Oppenheimer raised the firm’s price target on Porch Group (PRCH) to $9 from $8 and keeps an Outperform rating on the shares. The firm notes strong insurance execution post-reciprocal is driving upside to profitability. Q1 gross profit was 3%/6% above Opco/Street estimates, with FY25 guidance for gross profit/EBITDA now 3%/$5M higher.
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