Close Menu
New York Examiner News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Ella Langley & Sienna Spiro, But No ADÉLA: A Closer Look at the 2027 Best New Artist Grammy Race

    October 28, 2026

    VCs will make billions on Anthropics IPO, but Amazon is set to make much (much) more | TechCrunch

    October 28, 2026

    Line Of Fire Jenna Bush Hager Teases Easter Egg Appearance

    October 28, 2026
    Facebook X (Twitter) Instagram
    New York Examiner News
    • Home
    • US News
    • Politics
    • Business
    • Science
    • Technology
    • Lifestyle
    • Music
    • Television
    • Film
    • Books
    • Contact
      • About
      • Amazon Disclaimer
      • DMCA / Copyrights Disclaimer
      • Terms and Conditions
      • Privacy Policy
    New York Examiner News
    Home»Business»Home services company Porch Group can go up 80% from here, JPMorgan says
    Business

    Home services company Porch Group can go up 80% from here, JPMorgan says

    By AdminMay 23, 2022
    Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    Home services company Porch Group can go up 80% from here, JPMorgan says

    [ad_1]

    Porch Group ‘s business-to-business strategy sets the software company apart in the home services and insurance industry, according to JPMorgan. Analyst Cory Carpenter initiated coverage of Porch Group with an overweight rating, saying in a Monday note that the home concierge company has differentiated itself. “While most home services and InsurTech platforms are DTC, PRCH has a unique B2B go-to-market strategy,” Carpenter wrote. “PRCH provides software/services to 25k+ home services companies, which provides high-margin subscription revenue, early mover access at low-CAC, and proprietary data.” JPMorgan also issued an $8 price target, which implies nearly 80% upside from Friday’s closing price for the company. The analyst believes Porch Group will continue to expand its total addressable market by adding new services, partly through acquisitions. Currently, the company offers home services and insurance products addressing a $320 billion total addressable market in the U.S. The platform is used in 65% of home purchases, the note read. Those expansions could help Porch achieve profitability by 2023, and position it for more than 30% revenue growth. “We think PRCH’s B2B strategy is differentiated and positions PRCH well for sustained 30%+ growth, even in a tougher real estate market, with profit turning positive in 2H23,” he wrote. Shares of Porch Group were flat in Monday premarket trading. —CNBC’s Michael Bloom contributed to this report.

    A tract of new tightly packed homes are viewed along the Boulder City Parkway on January 11, 2022 in Henderson, Nevada.

    George Rose | Getty Images

    Porch Group‘s business-to-business strategy sets the software company apart in the home services and insurance industry, according to JPMorgan.

    [ad_2]

    Original Source Link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Email Reddit Telegram
    Previous ArticleUnbelievable Corruption As Jared Kushner Was Meeting With Middle East Investors While In The White House
    Next Article Eminem Shuts Down Pete Davidson’s Final SNL Rap Video: Watch

    RELATED POSTS

    My industry wants you to gut your sales team and replace it with AI. One of my customers plans to double theirs instead | Fortune

    October 27, 2026

    The Taiwan Strait is not on the verge of war: The 2027 invasion countdown is a mirage | Fortune

    October 27, 2026

    Twilio CMO: We shrank 2 weeks of work down to one day with AI. Then the unsexy work began | Fortune

    October 26, 2026

    Goldman Sachs CEO David Solomon on AIs economic impact: Theres very little that we do where we need frontier models | Fortune

    October 26, 2026

    Nasdaq CEO calls for a national strategy as global fraud losses reach $579B | Fortune

    October 25, 2026

    Michael Burry of The Big Short was asked to give advice to Gen Z: Buy half the house you can afford, and If it flies or floats, rent it | Fortune

    October 25, 2026
    latest posts

    Ella Langley & Sienna Spiro, But No ADÉLA: A Closer Look at the 2027 Best New Artist Grammy Race

    Grammy first-round voting wrapped up last week, on Oct. 22, and 2027 nominations will arrive…

    VCs will make billions on Anthropics IPO, but Amazon is set to make much (much) more | TechCrunch

    October 28, 2026

    Line Of Fire Jenna Bush Hager Teases Easter Egg Appearance

    October 28, 2026

    My industry wants you to gut your sales team and replace it with AI. One of my customers plans to double theirs instead | Fortune

    October 27, 2026

    These Headphones Twist Into a Bluetooth Speaker in Seconds. If Only They Sounded Better

    October 27, 2026

    Kings Of Leon announce UK and European exclusive one-off London show

    October 27, 2026

    Babel: THRs 2006 Review

    October 27, 2026
    Categories
    • Books (1,568)
    • Business (6,481)
    • Events (82)
    • Film (6,412)
    • Lifestyle (4,473)
    • Music (6,541)
    • Politics (6,446)
    • Science (5,817)
    • Technology (6,404)
    • Television (6,107)
    • Uncategorized (9)
    • US News (6,460)
    popular posts

    Seth Meyers Gleefully Bids Farewell To Rep. Madison Cawthorn: ‘Soon You’ll Be Forgotten’

    [ad_1] The “Late Night” host celebrated Wednesday after the North Carolina Republican lost his re-election…

    Tom Holland Speaks on James Bond Speculation

    August 2, 2025

    Instagram is bringing ads to search results and launching ‘Reminder Ads’

    March 21, 2023

    Man Buys Taylor Swift Guitar at Auction, Destroys It

    October 1, 2024
    Archives
    Browse By Category
    • Books (1,568)
    • Business (6,481)
    • Events (82)
    • Film (6,412)
    • Lifestyle (4,473)
    • Music (6,541)
    • Politics (6,446)
    • Science (5,817)
    • Technology (6,404)
    • Television (6,107)
    • Uncategorized (9)
    • US News (6,460)
    About Us

    We are a creativity led international team with a digital soul. Our work is a custom built by the storytellers and strategists with a flair for exploiting the latest advancements in media and technology.

    Most of all, we stand behind our ideas and believe in creativity as the most powerful force in business.

    What makes us Different

    We care. We collaborate. We do great work. And we do it with a smile, because we’re pretty damn excited to do what we do. If you would like details on what else we can do visit out Contact page.

    Our Picks

    Kings Of Leon announce UK and European exclusive one-off London show

    October 27, 2026

    Babel: THRs 2006 Review

    October 27, 2026

    JAY-Z Officially Announced As 2027 Super Bowl Halftime Show Headline Act

    October 27, 2026
    © 2026 New York Examiner News. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms & Conditions and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT