Canaccord Genuity starts coverage on Omada with 'buy' rating

Omada Health

02/07/2025 11:26

** Canaccord Genuity initiates coverage on virtual healthcare provider Omada Health OMDA.O with a "buy" rating

** Brokerage says OMDA's AI virtual care platform keeps patients engaged and improves outcomes between doctor visits, setting it apart in a competitive chronic-care market

** Brokerage sets PT at $27, a ~47.9% upside on stock's last close

** As of last close, stock down 3.9% from the $19 offer price in its June IPO

 (Reporting by Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))