Morgan Stanley Initiates Coverage on Hinge Health (NYSE:HNGE)

Investment analysts at Morgan Stanley began coverage on shares of Hinge Health (NYSE:HNGE - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $46.00 price target on the stock. Morgan Stanley's price objective would indicate a potential upside of 32.34% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Barclays started coverage on Hinge Health in a research note on Monday. They issued an "overweight" rating and a $43.00 target price for the company. Canaccord Genuity Group initiated coverage on shares of Hinge Health in a research report on Monday. They set a "buy" rating and a $52.00 price target on the stock. Needham & Company LLC assumed coverage on Hinge Health in a research note on Monday. They set a "buy" rating and a $47.00 target price for the company. Bank of America initiated coverage on shares of Hinge Health in a research report on Monday. They issued a "buy" rating and a $42.00 price target on the stock. Finally, KeyCorp began coverage on shares of Hinge Health in a research report on Monday. They issued an "overweight" rating and a $45.00 target price on the stock. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.00.

Hinge Health Stock Performance

Shares of HNGE opened at $34.76 on Monday. Hinge Health has a 52 week low of $33.42 and a 52 week high of $43.80.

About Hinge Health

Our vision is to build a new health system that transforms outcomes, experience and costs by using technology to scale and automate the delivery of care. Hinge Health leverages software, including AI, to largely automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for our clients.

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