- The stock price of eHealth (EHTH) surged by 24.16% in the most recent trading session. This is why.
The stock price of eHealth (EHTH) surged by 24.16% in the most recent trading session.
Why: Research report
Price target: $6
Rating: Upgraded from “Hold” to “Buy”
Analyst firm: Craig-Hallum
Craig-Hallum analysts adjusted the rating while noting that despite material declines anticipated for this annual enrollment period, they are seeing signs of life that simply warrant a different view of the equity as a compelling investment. And the signs include eHealth CEO Fran Soisman buying 80,000 shares on November 22, United Health Care reiterating its expectations for the current period and guiding to 9% growth for next year, and Humana (eHealth’s largest carrier partner) raising its expectations for the enrollment guidance for fiscal 2023 from 325,000-400,000.
