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Hinge Health price target raised to $80 from $65 at Citizens

Citizens raised the firm’s price target on Hinge Health (HNGE) to $80 from $65 and keeps an Outperform rating on the shares. Hinge Health is seeing strong momentum with accelerating billings and revenue growth, expanding margins, and broad adoption among major U.S. payers and PBMs, supported by a durable distribution moat, successful hardware-enabled care delivery, and new product expansion into broader pain and chronic condition management, the analyst tells investors in a research note.

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