Omada Health (NASDAQ:OMDA) Coverage Initiated by Analysts at Morgan Stanley

Research analysts at Morgan Stanley assumed coverage on shares of Omada Health (NASDAQ:OMDA - Get Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $25.00 price target on the stock. Morgan Stanley's price objective suggests a potential upside of 34.19% from the company's current price.

A number of other research analysts also recently weighed in on the stock. Barclays started coverage on shares of Omada Health in a report on Tuesday. They set an "overweight" rating and a $21.00 price target on the stock. Canaccord Genuity Group started coverage on Omada Health in a report on Tuesday. They set a "buy" rating and a $27.00 target price on the stock. The Goldman Sachs Group initiated coverage on Omada Health in a research report on Tuesday. They issued a "buy" rating and a $29.00 price target for the company. Needham & Company LLC started coverage on Omada Health in a research note on Tuesday. They set a "buy" rating and a $23.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on Omada Health in a research note on Tuesday. They issued an "overweight" rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.57.

Omada Health Stock Performance

NASDAQ:OMDA traded up $0.53 during mid-day trading on Tuesday, reaching $18.63. The stock had a trading volume of 344,526 shares, compared to its average volume of 1,585,299. Omada Health has a fifty-two week low of $14.14 and a fifty-two week high of $28.40.

About Omada Health

Omada's mission is to bend the curve. Our hope is that, one day, tomorrow's epidemiologists will notice a bend in disease curves, wonder what might be happening, and conclude that part of that impact has been Omada. As part of that mission, we strive to inspire and enable people to make lasting health changes on their own terms.