ACV Auctions price target raised to $20 from $18 at Stephens

Stephens raised the firm’s price target on ACV Auctions to $20 from $18 and keeps an Overweight rating on the shares after the company reported “a strong third quarter.” The firm believes the company remains on track to deliver on its goal of materially positive adjusted EBITDA next year and deliver on its 2026 adjusted EBITDA margin target of 25%, the analyst tells investors in a post-earnings note.