Canox HK - WeightWatcher Shares Soar on Upgrade, Weight Drug Agreement

The Goldman Sachs Group Inc. (GS) upgraded WW International Inc. (WW) stock and predicted that its price could more than triple.
SHEUNG WAN, Hong Kong - June 15, 2023 - PRLog -- Jason English, an analyst at GS, upgraded the company formerly known as Weight Watchers from neutral to buy. In addition, he projected a 12-month price target of $13, a 216% increase from the April 10th closing price.

WW's acquisition of Sequence, a subscription-based telehealth platform that offers healthcare professionals specializing in chronic weight management, was highlighted. Through Sequence, WW will be able to offer prescription obesity medications to consumers.

Step Following for WeightWatchers.

Given the advancements in chronic weight management medications, WeightWatcher's CEO Sima Sistani stated that expanding into clinical interventions for those who qualify medically is a natural progression.

Sistani stated that the company is "at a critical juncture where we can build new capabilities that will expand our market while leveraging our core strengths."

The price of WW International Inc. (WW) shares increased by 59% on April 11th and by approximately 70% in 2023. Despite today's gains, the stock has lost more than a third of its value over the course of the past year.

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