Wall Street Zen has upgraded Talkspace (NASDAQ:TALK) to a “strong-buy” rating, despite mixed analyst sentiment that averages to a “Moderate Buy” with a $5.13 price target. The company recently surpassed earnings and revenue expectations, reporting $0.03 EPS and $63.0M in revenue, and has a market cap of approximately $798 million. Institutional ownership is high at 57%, with several major funds increasing their stakes in the fourth quarter.
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Talkspace (NASDAQ:TALK) Upgraded by Wall Street Zen to "Strong-Buy" Rating
Wall Street Zen has upgraded Talkspace (NASDAQ:TALK) to a “strong-buy” rating, despite mixed analyst sentiment that averages to a “Moderate Buy” with a $5.13 price target. The company recently surpassed earnings and revenue expectations, reporting $0.03 EPS and $63.0M in revenue, and has a market cap of approximately $798 million. Institutional ownership is high at 57%, with several major funds increasing their stakes in the fourth quarter.