Morgan Stanley raised the firm’s price target on Omada Health (OMDA) to $32 from $30 and keeps an Overweight rating on the shares. Q3 revenue increased 49% year-over-year and beat by 11%, and the company crossed the threshold to EBITDA profitability, the analyst tells investors in a research note. The firm added that momentum continues, and the big development on the quarterly call was expanding its GLP-1 offering to include prescribing.
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