5/23 JP Morgan is a straight shooting house- Porch Group initiated with an Overweight at JPMorgan 05/23 PRCH JPMorgan analyst Cory Carpenter initiated coverage of Porch Group with an Overweight rating and $8 price target. Porch has a home services software platform that is simplifying the move process, Carpenter tells investors in a research note. The analyst believes the company's business-to-business go-to-market strategy is differentiated and provides Porch with unique data and early access to high-intent movers at low customer acquisition cost. He says the company is well positioned for sustainable 30%-plus growth, with margins improving each year and adjusted EBITDA turning positive in the second half of 2023.
I listened to Van on his slightly negative Nas view. Bought the QQQ $304P at $2.10, now $3.4 Edited $3.40