American Well Corporation Review Following Q3 Results
Analysts at Berenberg Bank provided their outlook on American Well Corporation (NYSE:AMWL) following the recent Q3 earnings report, with a top-line miss and step-down in the FY revenue outlook.
For investors with longer time horizons, the analysts see this as a buying opportunity. The central tenet of their thesis – the company becoming a key component of the healthcare IT spine market – seems to be moving forward. This is evidenced by ongoing increases in average annual contract values which signify a growing value proposition for the user base in the Subscription business. Moreover, this comes with a key growth driver, Converge, which is still in the early stages of a roll-out.
| Symbol | Price | %chg |
|---|---|---|
| 2413.T | 1679.5 | 2.98 |
| 4483.T | 3031 | 5.97 |
| 2175.T | 2101.5 | 1.55 |
| 4480.T | 3840 | 4.56 |
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