
Weave Communications (WEAV) Stock Forecast & Price Target
Weave Communications (WEAV) Analyst Ratings
Bulls say
Weave Communications Inc. reported a robust Q3 revenue increase of 17.1% year-over-year, reaching $61.3 million, which surpassed its midpoint guidance and reflects strong operational performance. Notably, subscription and payment revenue growth was driven by a 40% increase in core payments, indicating a growing adoption of its payment solutions. Additionally, the company’s sales pipeline is strengthening and diversifying across various verticals, further supporting a positive long-term outlook for revenue growth.
Bears say
Weave Communications has lowered its Q4 revenue guidance by $0.5 million at the midpoint, reflecting a failure to fully leverage the Q3 performance into the full-year outlook. The company's Net Revenue Retention (NRR) has declined from 98% to 94%, attributed to pricing impacts and increased churn as Weave navigates new healthcare sub-verticals, with Gross Revenue Retention (GRR) also decreasing to 90%. Furthermore, the outlook is complicated by risks associated with reduced spending in small business software due to potential economic downturns and slower-than-anticipated adoption of newer engagement modules and payment offerings.
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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