Weave price target raised to $13 from $12 at Piper Sandler

Piper Sandler raised the firm’s price target on Weave to $13 from $12 and keeps a Neutral rating on the shares. The firm was “encouraged” by another quarter of solid execution, the analyst tells investors. Five areas of noteworthy progress include: GTM changes and new leadership are producing results, traction with payments is improving, new product innovation has picked up, continued progress towards profitability, and resilient end markets, the firm says.