Cowen Starts DarioHealth Corp. (DRIO) at Outperform

April 22, 2021 5:31 AM EDT
Get Alerts DRIO Hot Sheet
Price: $17.89 -5.19%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 27 | Down: 11 | New: 9
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Cowen analyst Charles Rhyee initiates coverage on DarioHealth Corp. (NASDAQ: DRIO) with a Outperform rating and a price target of $31.00.

The analyst comments "We are initiating DRIO with an Outperform rating and $31 PT. The market for tech-enabled chronic care management is vastly underpenetrated, and we believe DRIO is well positioned for growth, given its scalable tech platform that leads to better health outcomes & ROI. We see strong top-line growth driven by a shift towards B2B model that should lead to greater revenue visibility & higher margins."

For an analyst ratings summary and ratings history on DarioHealth Corp. click here. For more ratings news on DarioHealth Corp. click here.

Shares of DarioHealth Corp. closed at $17.22 yesterday.

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