Fintel reports that on January 13, 2025, Wells Fargo upgraded their outlook for American Well (NYSE:AMWL) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 31.05% Upside
As of December 23, 2024, the average one-year price target for American Well is $11.28/share. The forecasts range from a low of $9.09 to a high of $15.75. The average price target represents an increase of 31.05% from its latest reported closing price of $8.61 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Well is 423MM, an increase of 66.61%. The projected annual non-GAAP EPS is -0.73.
What is the Fund Sentiment?
There are 98 funds or institutions reporting positions in American Well. This is an increase of 76 owner(s) or 345.45% in the last quarter. Average portfolio weight of all funds dedicated to AMWL is 0.11%, an increase of 682.38%. Total shares owned by institutions increased in the last three months by 97.79% to 6,618K shares. 
The put/call ratio of AMWL is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
Senvest Management holds 1,252K shares representing 9.16% ownership of the company.
Caledonia (Private) Investments Pty holds 841K shares representing 6.15% ownership of the company.
Satter Management Co. holds 524K shares representing 3.83% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 358K shares representing 2.62% ownership of the company.
Kent Lake PR holds 257K shares representing 1.88% ownership of the company.
American Well Background Information
(This description is provided by the company.)
American Well Corporation (Amwell) is a leading telehealth platform in the United States and globally, connecting and enabling providers, insurers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that digital care delivery will transform healthcare. The Company offers a single, comprehensive platform to support all telehealth needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With over a decade of experience, Amwell powers telehealth solutions for over 240 health systems comprised of 2,000 hospitals and 55 health plan partners with over 36,000 employers, reaching over 150 million lives.
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