Analysts Set Omada Health, Inc. (NASDAQ:OMDA) PT at $23.86

Key Points

• Omada Health, Inc. (NASDAQ:OMDA) has received a consensus rating of "Buy" from seven brokerages, indicating strong analyst support for the stock.
• The average 1-year price target for Omada Health among analysts is $23.86, with several firms setting targets ranging from $19.00 to $29.00.
• Omada Health's stock has experienced a 12-month price range with a low of $14.14 and a high of $28.40.

Omada Health, Inc. (NASDAQ:OMDA - Get Free Report) has been assigned an average recommendation of "Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.86.

A number of brokerages have weighed in on OMDA. Morgan Stanley assumed coverage on shares of Omada Health in a research note on Tuesday, July 1st. They set an "overweight" rating and a $25.00 target price for the company. Evercore ISI increased their price objective on shares of Omada Health from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group initiated coverage on shares of Omada Health in a research note on Tuesday, July 1st. They issued a "buy" rating and a $27.00 target price on the stock. Barclays began coverage on shares of Omada Health in a research note on Tuesday, July 1st. They issued an "overweight" rating and a $21.00 target price for the company. Finally, Wall Street Zen raised shares of Omada Health to a "hold" rating in a report on Monday, June 16th.

Omada Health Stock Performance

OMDA stock traded down $0.16 during midday trading on Friday, reaching $18.42. 135,321 shares of the stock were exchanged, compared to its average volume of 793,722. Omada Health has a 52 week low of $14.14 and a 52 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.