Porch Group (PRCH) Stock Forecast & Price Target

$2.17

-0.23 (-9.58%)

(As of 10/31/2024 ET)

Porch Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 7 Analyst Ratings

Sell
0

Hold
1

Buy
6

Based on 7 Wall Street analysts who have issued ratings for Porch Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 1 has given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for PRCH.

Consensus Price Target

$4.32
99.14% Upside

According to the 7 analysts' twelve-month price targets for Porch Group, the average price target is $4.32. The highest price target for PRCH is $7.00, while the lowest price target for PRCH is $1.50. The average price target represents a forecasted upside of 99.14% from the current price of $2.17.

PRCH Analyst Ratings Over Time

Type	Current Forecast 11/2/23 to 11/1/24	1 Month Ago 10/3/23 to 10/2/24	3 Months Ago 8/4/23 to 8/3/24	1 Year Ago 11/2/22 to 11/2/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$4.32	$4.18	$4.92	$5.90
Forecasted Upside	99.14% Upside	198.47% Upside	161.52% Upside	836.51% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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PRCH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PRCH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Porch Group Stock vs. The Competition

Type	Porch Group	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.67	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	99.14% Upside	624.44% Upside	10.65% Upside
News Sentiment Rating	Neutral News See Recent PRCH News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/29/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$7.00 ➝ $7.00	+225.58%
10/29/2024	Craig Hallum 3 of 5 stars		Boost Target	Buy ➝ Buy	$3.00 ➝ $4.00	+83.49%
8/13/2024	Cantor Fitzgerald 3 of 5 stars	Y. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/8/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$3.75 ➝ $1.50	+35.37%
8/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$4.50 ➝ $3.50	+199.14%
8/7/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$5.00 ➝ $3.25	+168.59%
4/11/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$6.00	+42.52%
3/15/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$4.00 ➝ $2.00	+17.65%
11/9/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:27 AM ET.

PRCH Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Porch Group is $4.32, with a high forecast of $7.00 and a low forecast of $1.50.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Porch Group in the last year. There is currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRCH shares.
: According to analysts, Porch Group's stock has a predicted upside of 99.14% based on their 12-month stock forecasts.
: Over the previous 90 days, Porch Group's stock had 1 upgrade by analysts.
: Porch Group has been rated by research analysts at Benchmark, Cantor Fitzgerald, Craig Hallum, Keefe, Bruyette & Woods, Northland Securities, and Oppenheimer in the past 90 days.
: Analysts like Porch Group more than other "computer and technology" companies. The consensus rating for Porch Group is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how PRCH compares to other companies.

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This page (NASDAQ:PRCH) was last updated on 11/1/2024 by MarketBeat.com Staff

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Porch Group (PRCH) Stock Forecast & Price Target