DocGo price target lowered to $1.50 from $1.60 at Canaccord

Canaccord lowered the firm’s price target on DocGo (DCGO) to $1.50 from $1.60 and keeps a Hold rating on the shares. The firm said while the price target does portend upside from current levels they believe that there is some value to be had for DocGo operations however, they do not see multiple expansion from a fundamental perspective until there is meaningful adj-EBITDA loss improvement.