
Weave Communications (WEAV) Stock Forecast & Price Target
Weave Communications (WEAV) Analyst Ratings
Bulls say
Weave Communications Inc. demonstrated strong financial performance in Q3, with revenue rising by 17.1% year-over-year to $61.3 million, surpassing the projected growth rate. The company’s subscription and payment revenue also grew, with payments experiencing a remarkable 40% year-over-year increase, indicating solid market adoption despite representing a smaller portion of total revenue. Additionally, the recent acquisition of TrueLark contributed to increased growth momentum, particularly in specialty medical locations, underpinning Weave's ability to optimize practice operations and enhance practitioner-patient relationships.
Bears say
Weave Communications Inc. has lowered its implied Q4 revenue guidance by $0.5 million at the midpoint, indicating a potential weakness in sustaining full-year revenue expectations despite previous performance. The company experienced a decline in net revenue retention (NRR) from 98% to 94%, primarily influenced by pricing changes and increased churn associated with the company’s penetration into specialty medical sectors. Additionally, subscription revenue growth has decelerated to 16.2%, raising concerns about future performance amidst challenges related to economic conditions, critical mass achievement in new verticals, and slower adoption of engagement modules and payment solutions.
This aggregate rating is based on analysts' research of Weave Communications and is not a guaranteed prediction by Public.com or investment advice.
Weave Communications (WEAV) Analyst Forecast & Price Prediction
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