Kooth Wins $2.6m US State Deal to Deliver Digital Mental Health Support to 100,000 Students

The latest announcement is out from Kooth ( (GB:KOO) ).

Kooth has secured a one-year, $2.6 million contract with an undisclosed US state to provide digital mental health services to up to 100,000 students aged 13-18 through its Soluna platform. The deal, to be delivered using Kooth’s existing workforce supplemented by in-state counsellors, expands the group’s US presence to three states alongside California and New Jersey, and gives the company a broad foothold for advocacy and partnership-building under its “State Alliance Model,” with the potential to unlock further funding and targeted support, strengthening its strategic position in the growing US youth mental health market.

The most recent analyst rating on (GB:KOO) stock is a Buy with a £127.00 price target. To see the full list of analyst forecasts on Kooth stock, see the GB:KOO Stock Forecast page.

Spark’s Take on GB:KOO Stock

According to Spark, TipRanks’ AI Analyst, GB:KOO is a Outperform.

The score is driven primarily by strong 2024 financial performance (growth, profitability, cash flow, and very low leverage). This is partly offset by weak technicals (price below major moving averages with negative momentum) and only moderate valuation support (P/E 14.8, no dividend yield available).

To see Spark’s full report on GB:KOO stock, click here.

More about Kooth

Kooth Plc is a leading provider of digital mental health services, offering online behavioural health education resources, moderated peer communities and chat-based counselling, primarily targeting young people. The company operates internationally and is expanding its footprint in the US market through contracts with state governments to deliver large-scale, population-wide mental health support via its Soluna platform.

Average Trading Volume: 83,067

Technical Sentiment Signal: Sell

Current Market Cap: £38.55M

For detailed information about KOO stock, go to TipRanks’ Stock Analysis page.