Craig-Hallum downgrades eHealth to Hold following quarterly results

As previously reported, Craig-Hallum downgraded eHealth (EHTH) to Hold from Buy with a $2 price target While results in the quarter were solid, the FY26 revenue guide was 22% below his estimate, a reflection of both a challenging market and the company’s intentions to meaningfully pull back on certain customer-acquisition channels, the firm says. Craig-Hallum points to the lower-than-expected MA advance rate notice in January along with a continued focus on margins from the carriers as creating a tough environment for consistent growth.