TWFG price target lowered to $22 from $24 at Piper Sandler

Piper Sandler lowered the firm’s price target on TWFG (TWFG) to $22 from $24 and keeps an Overweight rating on the shares following quarterly results. The firm notes organic growth was lower than expected, but notably 2026 revenue and organic growth guidance was reiterated and the company on the call suggested Q2 organic would improve. Adjusted EBITDA and adjusted EBITDA margin were better than Piper expected. The company reiterated its 2026 guidance. The firm suspects the weak organic will put a damper on the stock.