Cowen & Co. has decided to maintain its Outperform rating of DarioHealth DRIO and raise its price target from $14.00 to $18.00.
Shares of DarioHealth are trading up 5.8% over the last 24 hours, at $6.20 per share.
A move to $18.00 would account for a 190.32% increase from the current share price.
DarioHealth Corp is a digital health company. It is engaged in the development and commercialization of patented and proprietary technology that provides consumers with laboratory-testing capabilities using smartphones and other mobile devices. The company's product, Dario Blood Glucose Monitoring System is a mobile, real-time, cloud-based, diabetes management solution based on a multi-featured software application combined with a blood glucose monitoring device. The group operates internationally and derives revenues from the sale of its Dario smart meter and related device-specific disposables test strip cartridges and lancets. The company generates the majority of its revenue from sales of its product.
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