- Ontrak, Inc. (OTRK, Financial) expands its regional health plan customers amid Q4 revenue decline.
- Analysts predict significant upside potential with a price target of $4.00.
- Current "Outperform" rating from brokerage firms signals investor confidence.
Ontrak, Inc. (OTRK) recently announced the onboarding of three new regional health plan customers along with expanding four existing plans. Although Q4 2024 witnessed a dip in revenue, dropping to $3.1 million, the company is working toward achieving a $15 million run rate by Q2 2025. This ambitious target is bolstered by increased member enrollments and robust strategic initiatives. Investors should note these developments as potential growth catalysts for Ontrak.
Wall Street Analysts Forecast
Wall Street analysts have set a one-year price target for Ontrak Inc (OTRK, Financial) at an average of $4.00, with both high and low estimates aligning at $4.00. This target represents a promising upside of 140.96% from the current trading price of $1.66, positioning Ontrak as a stock to watch. For comprehensive details on these estimates, visit the Ontrak Inc (OTRK) Forecast page.
The consensus recommendation from one brokerage firm places Ontrak Inc (OTRK, Financial) at an "Outperform" rating, averaging a score of 2.0. This rating is on a scale where 1 indicates a Strong Buy, and 5 implies a Sell, suggesting that analysts have a favorable outlook on the stock's performance.
According to GuruFocus estimates, the projected GF Value for Ontrak Inc (OTRK, Financial) in the next year is $1.46, indicating a potential downside of 12.05% from the current price of $1.66. The GF Value assessment is GuruFocus’ measure of the stock’s fair trading value, derived from historical trading multiples, past growth trajectories, and future business performance forecasts. More insights can be accessed on the Ontrak Inc (OTRK) Summary page.
