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Hinge Health initiated with an Overweight at Wells Fargo

Wells Fargo analyst Stan Berenshteyn initiated coverage of Hinge Health (HNGE) with an Overweight rating and $68 price target The firm views Hinge as the leader in musculoskeletal with 80% win rates, a “widening moat, and software-like margins.” The company has “durable” share gains, expanding adoption, and “untapped growth vectors” supporting long-term growth, the analyst tells investors in a research note.

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