William Blair analyst Ryan Daniels has maintained their bullish stance on TALK stock, giving a Buy rating on April 3.
Ryan Daniels has given his Buy rating due to a combination of factors including Talkspace’s strategic increase in sales and marketing investments. These investments align with the company’s recent expansions in Medicare and MA coverage, as well as the establishment of new military partnerships. This strategic move is expected to enhance the company’s market presence and drive future growth.
Moreover, Daniels notes that although the increased spending will slightly shift the adjusted EBITDA projections towards the latter half of 2025, the overall annual target remains largely unaffected. The anticipated stronger financial performance in the second half of the year is consistent with management’s guidance, reinforcing confidence in the company’s trajectory and justifying the Buy rating.
In another report released on April 3, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $5.00 price target.