Should You Purchase Weave Communications Before The Stock Goes Up?

Weave Communications is a company that offers a universal platform for small and medium-sized businesses covering all forms of communication and interaction with customers, from phone calls to scheduling meetings, sending text reminders, collecting payments, and sending marketing campaigns by email.

This week is not one of the best for WEAV. The shares fell by 14%, and the sharp decline was on December 8. Today, the stock is up 6% to $14.45. Goldman Sachs has compiled a small list of three companies that should be bought now. It includes MRVL, SNOW, and WEAV. These are the three stocks that received the “buy” rating.

Should You Purchase Weave Communications Before The Stock Goes Up?
Weave Communications has the smallest market capitalization among all those on the list. But this does not change the fact that WEAV is out of the race – to become the biggest chance in the market. After the company went public on November 11, it started trading at $24, and today the price per share is almost twice less.

Goldman Sachs believes that the current WEAV price is just the starting point for a big increase with a target price of $37. In addition, yesterday the company appointed the first CMO in its history. He is Chris Baird from ObservePoint, who has 10 years of leadership experience behind him. He will be responsible for improving the company’s marketing strategies.