DocGo price target raised to $1.60 from $1.45 at Canaccord

Canaccord analyst Richard Close raised the firm’s price target on DocGo (DCGO) to $1.60 from $1.45 and keeps a Hold rating on the shares. The firm said DocGo showed some progress with its core business in 2Q as it works to replace the waning migrant services contract(s) that should be largely wound down entering 2H;however, there is much work to be done to rightsize the organization while also ramping up new business.