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American Well ( (AMWL) ) has provided an announcement.
On January 5, 2026, American Well Corporation announced it had entered into an Amended and Restated Statement of Work with Elevance Health, effective January 1, 2026, replacing their prior 2023 agreement and extending American Well’s operation of the LiveHealth Online-branded, white-labelled digital care delivery platform for Elevance Health. The renewed three-year arrangement, running through January 1, 2029 with automatic one-year renewals, establishes ongoing annual subscription payments and opportunities for American Well to provide additional professional, development, innovation and engagement marketing services, while outlining detailed termination rights that underscore both parties’ focus on contractual flexibility, operational continuity and risk management in their long-term digital health partnership.
The most recent analyst rating on (AMWL) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on American Well stock, see the AMWL Stock Forecast page.
Spark’s Take on AMWL Stock
According to Spark, TipRanks’ AI Analyst, AMWL is a Neutral.
The score is held back primarily by weak financial performance (large ongoing losses and negative free cash flow) and a loss-making valuation profile (negative P/E, no dividend). These are partially offset by improving earnings-call trends (better margins, lower opex, improved EBITDA guidance), a low-leverage balance sheet, and moderately improving near-term technical momentum, with incremental support from the extended Elevance partnership.
To see Spark’s full report on AMWL stock, click here.
More about American Well
American Well Corporation operates in the digital health industry, providing white-labelled virtual care delivery platforms for healthcare organizations. Its services enable partners such as health insurers to offer branded online care solutions to their members, supporting remote consultations and digital health management under clients’ own consumer-facing brands.
Average Trading Volume: 122,731
Technical Sentiment Signal: Sell
Current Market Cap: $87.26M
Find detailed analytics on AMWL stock on TipRanks’ Stock Analysis page.

