Analyst Charles Rhyee of TD Cowen maintained a Buy rating on Talkspace, retaining the price target of $6.00.
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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.