Hinge Health (NYSE:HNGE) Shares Gap Up – What’s Next?

Hinge Health Inc. (NYSE:HNGE) gapped up prior to trading on Monday . The stock had previously closed at $34.85, but opened at $36.40. Hinge Health shares last traded at $35.81, with a volume of 85,568 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on HNGE shares. Raymond James Financial began coverage on shares of Hinge Health in a research note on Monday. They issued an “outperform” rating and a $45.00 price target for the company. Canaccord Genuity Group assumed coverage on Hinge Health in a research note on Monday. They issued a “buy” rating and a $52.00 price objective for the company. Royal Bank Of Canada assumed coverage on Hinge Health in a research note on Monday. They issued an “outperform” rating and a $45.00 price objective for the company. Wall Street Zen upgraded Hinge Health to a “hold” rating in a research note on Monday, June 2nd. Finally, Piper Sandler assumed coverage on Hinge Health in a research note on Monday. They issued an “overweight” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hinge Health currently has an average rating of “Moderate Buy” and an average target price of $46.00.

Hinge Health Stock Performance

About Hinge Health

Our vision is to build a new health system that transforms outcomes, experience and costs by using technology to scale and automate the delivery of care. Hinge Health leverages software, including AI, to largely automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for our clients.