Talkspace price target raised to $6 from $5 at Canaccord

Canaccord raised the firm’s price target on Talkspace (TALK) to $6 from $5 and keeps a Buy rating on the shares. The firm said the positive momentum drove an acceleration in Payor revenue growth to 42.1% year-over-year with annual guidance ranges were tightened with the revenue mid-point moving slightly higher to 21.5% growth.