Weave price target raised to $18 from $15 at Loop Capital

Loop Capital analyst Mark Schappel raised the firm’s price target on Weave (WEAV) to $18 from $15 and keeps a Buy rating on the shares. The company posted strong results ahead of both consensus expectations, with broad strength exhibited across the business, the analyst tells investors in a research note. Weave management’s commentary around the business was also “as upbeat as we can recall” amid a much-expanded opportunity today than just a year ago, the firm added.