Weave price target raised to $15 from $12 at Loop Capital

Loop Capital raised the firm’s price target on Weave to $15 from $12 and keeps a Buy rating on the shares after its better than expected Q4 results. The company continued its momentum with another solid quarter and delivered a 2024 revenue and profitability outlook that was slightly ahead of expectations, the analyst tells investors in a research note. Loop maintains its view on the stock as a “favorite small-cap idea” given Weave’s recent bookings momentum, continued product innovation, and multiple growth drivers to achieve its targets.