LifeMD stock maintains Buy rating at H.C. Wainwright on Wegovy pill launch
H.C. Wainwright reiterated a Buy rating and a $9.00 price target for LifeMD Inc. (NASDAQ: LFMD) after the company announced it is now offering Novo Nordisk’s Wegovy pill through its telehealth platform. This initiative targets uninsured or underinsured patients and leverages LifeMD's strong revenue growth and gross profit margin. Despite competitive pressures, LifeMD's stock has shown recent resilience, and the strategic offering of Wegovy is expected to expand the GLP-1 market.
https://ng.investing.com/news/analyst-ratings/lifemd-stock-maintains-buy-rating-at-hc-wainwright-on-wegovy-pill-launch-93CH-2275927