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Kooth ( (GB:KOO) ) has issued an announcement.
Kooth plc has announced its half-year trading update, highlighting its strategic leadership changes and operational progress, particularly in California. The company is in its third year of a significant contract with the State of California, where its Soluna platform has seen substantial growth, registering over 128,000 young users. Despite potential federal healthcare cuts, Kooth’s focus on youth mental health aligns with state priorities, ensuring continued demand. In the UK, Kooth remains stable amidst fiscal pressures, with plans to introduce Soluna. The company has strengthened its leadership team to support its strategic objectives and international growth, positioning itself for sustainable long-term growth.
The most recent analyst rating on (GB:KOO) stock is a Buy with a £490.00 price target. To see the full list of analyst forecasts on Kooth stock, see the GB:KOO Stock Forecast page.
More about Kooth
Kooth plc is a leading provider of digital mental health services, offering accessible and safe spaces for mental health improvement. The platform provides a range of therapeutic support and interventions, focusing on early intervention and prevention. Kooth is accredited by the British Association of Counselling and Psychotherapy and is the largest single access provider for mental health support for under 18s in the UK. The company has been expanding internationally, particularly in the US, due to the increasing importance of youth mental health.
Average Trading Volume: 78,528
Technical Sentiment Signal: Sell
Current Market Cap: £64.77M
See more insights into KOO stock on TipRanks’ Stock Analysis page.