
Weave Communications (WEAV) Stock Forecast & Price Target
Weave Communications (WEAV) Analyst Ratings
Bulls say
Weave Communications Inc. demonstrated robust financial performance in Q3, with revenue growth of 17.1% year-over-year, reaching $61.3 million, surpassing guidance expectations. The company’s subscription and payment revenue also expanded by 17% year-over-year, driven by substantial contributions from its recent TrueLark acquisition and strong performance in specialty medical services. Notably, while core subscription growth moderated slightly to 13%, the payments segment exhibited a remarkable 40% year-over-year increase, indicating a developing adoption of its payment processing solutions within its target market.
Bears say
Weave Communications has lowered its Q4 revenue guidance by $0.5 million at the midpoint, indicating potential challenges in maintaining growth momentum after a strong Q3 performance. The company experienced a decline in net revenue retention (NRR) from 98% to 94%, attributed to increased churn rates in new vertical markets and the impact of past pricing changes, raising concerns about customer retention as it expands. Additionally, risks associated with economic downturns affecting small business software spending, failure to scale effectively in new sectors, and slower adoption of new services further contribute to a negative outlook.
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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