Analyst Charles Rhyee of TD Cowen maintained a Buy rating on Talkspace, retaining the price target of $6.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Charles Rhyee has given his Buy rating due to a combination of factors including Talkspace’s strategic focus on enhancing payor growth and achieving significant EBITDA targets. The company’s recent momentum in converting payors and the expectation of a strong third quarter performance underpin this confidence. Additionally, the management’s strategic pivot towards increasing utilization in the Payor segment, coupled with effective marketing spend, is anticipated to yield substantial returns in the latter half of the year.
Furthermore, Talkspace’s expansion in covered lives and improvements in customer acquisition costs signal a positive trajectory. Rhyee also notes the potential for Talkspace to exceed its guidance for 2025, driven by strong payor conversion progress and favorable market conditions. The analyst maintains a price target of $6, supported by a discounted cash flow analysis, suggesting a promising outlook for the stock.