Talkspace upgraded to Buy from Hold at Needham

Needham analyst Ryan MacDonald upgraded Talkspace (TALK) to Buy from Hold with a $5 price target Following the company’s recent Q3 earnings, the firm is incrementally bullish heading into FY26 that the payor segment can maintain 30%-plus growth, driven by deeper directory-level integration with two additional national payors in Q4, the analyst tells investors. The firm has confidence that Talkspace can maintain, and perhaps accelerate, total revenue growth in FY26, the analyst added.