Porch Group price target raised to $7 from $4 at Oppenheimer

Oppenheimer raised the firm’s price target on Porch Group (PRCH) to $7 from $4 and keeps an Outperform rating on the shares as the company detailed forthcoming reciprocal exchange at its Investor Day. The firm also notes that Porch showed significantly improved margin profile vs. prior model, driving FY25/FY26 consolidated EBITDA guidance of $50M/$100M, $33M/$66M above Opco.