| Over a month ago | ||||
Waterdrop is down -9.6%,… Waterdrop is down -9.6%, or -32c to $3.01. | ||||
Waterdrop is down -10.1%,… Waterdrop is down -10.1%, or -34c to $3.02. | ||||
Waterdrop is down -8.0%,… Waterdrop is down -8.0%, or -27c to $3.09. | ||||
Waterdrop is down -8.9%,… Waterdrop is down -8.9%, or -30c to $3.06. | ||||
| Over a quarter ago | ||||
Morgan Stanley analyst… Morgan Stanley analyst Jenny Jiang upgraded Waterdrop to Overweight from Equal Weight with a price target of $2.10, up from $2. The analyst cites improving fundamentals and regulatory environment for the upgrade. Waterdrop's revenue continued to recover sequentially, up 8% quarter-over-quarter, and its earnings have been positive for the past three quarters, Jiang tells investors in a research note. The analyst believes the company's channel diversification and increasing focus on business quality are "bearing fruit." Jiang adds that regulators have made progress on American depository receipt negotiations. | ||||
Waterdrop announced that… Waterdrop announced that it has become a member of the United Nations Global Compact, the world's largest corporate sustainability initiative. | ||||
Waterdrop recently opened… Waterdrop recently opened its first agency outlet in Wuhan. It will provide local residents with a range of specialized insurance services, such as insurance customization, security risk assessment, policy consulting, and entrusted policy management. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Jenny Jiang downgraded Waterdrop to Equal Weight from Overweight with a price target of $2, down from $5. Revenue fell 27% in Q4 due to a decline in insurance sales, though the company achieved breakeven earlier than expected, Jiang noted. However, she cut her 2022 and 2023 EPS forecasts by 62% and 77%, respectively, as she moderated her revenue growth forecasts from 40% to 20%. Her lower rating reflects regulatory and geopolitical uncertainties and better opportunities elsewhere within her coverage universe, the analyst added. | ||||
