OnTrak (OTRK) PT Raised to $36 at Cowen Following Earnings

May 7, 2021 12:27 PM EDT
Get Alerts OTRK Hot Sheet
Price: $33.54 +1.33%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 17 | New: 13
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Cowen analyst Charles Rhyee raised the price target on OnTrak (NASDAQ: OTRK) to $36.00 (from $35.00) while maintaining an Outperform rating.

The analyst commented, "OTRK reported better than expected 1Q21 results, but lowered 2021 revenue guidance to $80M-$85M (prior $100M), and walked back from prior prelim 2022 implied guidance of $200M. We view these steps as positive events to reset expectations.and rebuild credibility w/ the Street. AET remains a wildcard, both with winding down the current contract and potentially signing a new agreement."

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co, Earnings