Well Health Technologies Price Target Raised to $6 at CIBC
CIBC Capital Markets raised its price target on Well Health Technologies (WELL.TO) to $6 from $5.50.Analyst Eric Kyle maintained an Outperformer rating on shares of the Vancouver-based digital health technology company."WELL announced the company has reached its $100 Million annualized adjusted EBITDA target for WELL Canada (Canadian clinics, WELLSTAR, and CYBERWELL) three quarters ahead of plan, in Q2/26 compared to Q1/27 expectations, driven by strong primary care organic growth and two accretive acquisitions," Kyle said in a note to clients."The company acquired an Ontario diagnostics imaging clinic and a Quebec procedural care clinic for $115 Million upfront, generating $22 Million of combined adjusted EBITDA, implying ~5x EBITDA on close," the analyst said."We expect management will increase 2026 guidance when WELL reports Q2 results in August."