WW International Shares Soar On Morgan Stanley Upgrade: Acquisition Of Sequence Spurs Unprecedented Growth
Portfolio Pulse from Priya Nigam
Shares of WW International Inc (NASDAQ:WW) have surged over 200% year to date, following the company's acquisition of GLP-1 telehealth brand Sequence. Morgan Stanley analyst Lauren Schenk upgraded the rating for WW International from Equal-Weight to Overweight and raised the price target from $5 to $13. The acquisition has led to a significant increase in Sequence's market share and unique visitors, implying quick subscriber growth.
July 26, 2023 | 3:33 pm
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POSITIVE IMPACT
WW International's acquisition of Sequence has led to a significant increase in its market share and unique visitors, implying quick subscriber growth. This has resulted in a surge in the company's stock price and an upgrade in its rating by Morgan Stanley.
The acquisition of Sequence by WW International has resulted in a significant increase in the company's market share and unique visitors, which implies quick subscriber growth. This has led to a surge in the company's stock price and an upgrade in its rating by Morgan Stanley. Therefore, the short-term impact on the company's stock price is likely to be positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100