Piper Sandler analyst Paul Newsome raised the firm’s price target on TWFG (TWFG) to $24 from $22 and keeps an Overweight rating on the shares following quarterly results. Organic growth was better than expected, the firm notes. Adjusted EBITDA and adjusted EBITDA margin were also better than Piper expected. The firm thinks the company’s commentary around AI should negate some of investors’ concerns.
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