Porch Group price target raised to $8 from $7 at Oppenheimer

Oppenheimer raised the firm’s price target on Porch Group (PRCH) to $8 from $7 and keeps an Outperform rating on the shares as strong execution drives incrementally positive outlook vs. December Investor Day. The firm notes the company also guided FY25 gross profit 7%/11% above its/Street’s estimates, with EBITDA $10M/$23M above.