Weave price target raised to $14 from $7.50 at BofA

BofA analyst Michael Funk raised the firm’s price target on Weave to $14 from $7.50 and keeps a Buy rating on the shares, citing projected multiple expansion and upside to 2024 consensus estimates. The firm believes Weave has reached “a clear inflection point and is well positioned to continue its beat/raise cadence” and that a narrative shift is “firmly under way” and investor interest will continue to accelerate, the analyst tells investors.