WELL Health Technologies Corp T.WELL

Long Term Investment

[retiredcf]

Q: They're are 7 analysts following this stock with an average of 12.45 12 months out. Does it have any chance of doing this? 

We would take 12-month price targets with a grain of salt as we find they are often anchored to the price at the time of reporting. With a higher risk name, it is quite normal for there to be discrepancies between current prices and targets. WELL shares have also shown weakness over the past few months so it is also difficult for price targets to be adjusted given the volatility. The business has grown significantly in 2021 with revenues up 490%. Shares certainly looks more attractive at 3.5x sales and 16.9x EV/EBITDA. We think WELL could be a $15 stock in 3-5 years, but we think it is less likely to break past previous highs in the short-term given the general shift away from 'COVID stocks'. We think the long game needs to be played with this one. 

More from 5iResearch. GLTA

[speedy99]

Interesting comments.  Boy they are giving themselves lots of room for error.  They say it COULD be a $15 stock in 3-5 years.   Unlikely to break past previous highs in the short-term.  What's their idea of short term?    But fair enough to suggest the long game needs to be played with this one.   Disappointed to see 5iResearch putting us in

[ahsh1kah]

We should never listen to what "analysis" say if we are not getting their advise for a price. These analaysit strategey is always Upgrade, downgrade, wash, rins and repeat; My wealth management advisor (tsinetwork) never set a targer for their recommended stocks (I will expalin why later on another post) Here is the latest update I got on Friday Dec 3: In the quarter ended

[ElanS2]

Thanks to tsi I got into WELL before covid. Enough said.

[ahsh1kah]

First time they recomended WELL was in July 23 2019, the price then was 1.68

[BigTT13]

When you silence the noise and look at the facts... WELL looks pretty incredible, doesn't it? Patience folks. WELL is game changer imo, but hey, what do I know. Do your own DD. GLTA