Stephens Reiterates Overweight Rating on Livongo Health Inc. (LVGO)

Stephens analyst Scott Schoenhaus reiterated an Overweight rating and $155.00 price target on Livongo Health Inc. (NASDAQ: LVGO) following UnitedHealth Group's (NYSE: UNH) virtual "Digital Capabilities" Investor event co-hosted by Stephens Research Analyst, Scott Fidel. With a large addressable market opportunity, the entrance of Optum’s Level2 product offering competes in a defined market, with LVGO being the largest player.

Schoenhaus notes that LVGO’s client base tends to be large employers, which use multiple health plans and providers. In addition, Schoenhaus believes the pending merger with TDOC presents a more defensive moat for the combined offering from an employer-based perspective given the scale and network effect created by the pending cross-selling opportunities.

For an analyst ratings summary and ratings history on Livongo Health Inc. click here. For more ratings news on Livongo Health Inc. click here.

Shares of Livongo Health Inc. closed at $138.45 yesterday.

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