In a report released yesterday, David Larsen from BTIG maintained a Buy rating on Sharecare (SHCR – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $0.87.
According to TipRanks, Larsen is an analyst with an average return of -10.3% and a 30.43% success rate. Larsen covers the Healthcare sector, focusing on stocks such as Sharecare, Evolent Health, and LifeMD.
Sharecare has an analyst consensus of Moderate Buy, with a price target consensus of $3.33, which is a 281.36% upside from current levels. In a report released on August 30, Canaccord Genuity also maintained a Buy rating on the stock with a $3.00 price target.
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Based on Sharecare’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $110.35 million and a GAAP net loss of $35.14 million. In comparison, last year the company earned a revenue of $103.82 million and had a GAAP net loss of $29.03 million
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