Weave Communications shares are trading higher after Loop Capital upgraded the stock from Hold to Buy and raised its price target from $5 to $13.
Portfolio Pulse from Benzinga Newsdesk
Weave Communications shares are trading higher after Loop Capital upgraded the stock from Hold to Buy and raised its price target from $5 to $13.
June 26, 2023 | 2:01 pm
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POSITIVE IMPACT
Loop Capital upgraded Weave Communications from Hold to Buy and raised its price target from $5 to $13, causing the stock to trade higher.
The upgrade from Loop Capital is a positive signal for Weave Communications, as it indicates increased confidence in the company's prospects. The raised price target from $5 to $13 suggests a significant potential upside, which is likely to attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100