Weave price target raised to $15 from $14 at Piper Sandler

Piper Sandler raised the firm’s price target on Weave (WEAV) to $15 from $14 and keeps an Overweight rating on the shares. The firm was encouraged by solid execution during Q1 that drove upside on 18% year-over-year growth and the $35M TrueLark acquisition that hints at a stronger growth ambition without sacrificing the intent to maintain positive free cash flow and positive EBITDA on a full-year basis.