BofA starts ‘digital physical therapy leader’ Hinge Health with a Buy

As previously reported, BofA analyst Bill Sills initiated coverage of Hinge Health (HNGE) with a Buy rating and $42 price target calling it the “digital physical therapy leader.” The firm thinks Hinge is well positioned to continue capturing share of an $18.5B addressable market due to “formidable” competitive advantages such as a large customer base of 2,250 companies, the depth and breadth of its offerings, its proprietary motion-tracking technology, and its 50-plus healthcare partners, including five of the largest health plans, the analyst tells investors.