eHealth (EHTH) Stock Surged 24.16%: Details

By Amit Chowdhry ● Dec 2, 2022
  • 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.