Weave Communications, Inc. stands out with a recent upgrade to “Strong Buy” from Loop Capital Markets. They have set a price target of $18, confident in the company’s strategic growth potential and financial maturity. In Q3 2024, Weave demonstrated strong revenue retention, boasting gross retention at 92% and impressive net retention at 98%. The company also experienced gross margin expansion to 72%, showing promising profitability trends.

This growth is driven by Weave’s strategic collaboration with Patterson Dental and increased vendor interest. Offering an innovative customer engagement platform tailored for small and medium-sized businesses in North America, Weave helps streamline operations, making it an appealing investment opportunity. With a forward EV/Sales multiple at 5.5x, Weave continues to attract attention in the financial markets.