
Citi Upgrades Hims & Hers on Novo Nordisk GLP-1 Pact
Citi upgraded Hims & Hers Health to neutral from sell after its Novo Nordisk GLP-1 drugs deal reduces key risks, and raised the price target to $24, signaling potential upside for the stock.
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Citi upgraded Hims & Hers Health to neutral from sell after its Novo Nordisk GLP-1 drugs deal reduces key risks, and raised the price target to $24, signaling potential upside for the stock.

Hims & Hers Health Inc. shares jumped in premarket trading after media reports that Novo Nordisk plans to sell obesity drugs through Hims & Hers' telehealth platform as part of a potential partnership between the two companies.

Bank of America has lost confidence in the stock of Hims & Hers Health (HIMS), signaling a potential exit or reduced investment in the company.

Hims & Hers Health, a telehealth company, has surged to nearly $20 per share following a major product announcement involving GLP-1 agonists for weight loss. The company offers these products at significantly lower costs without requiring health insurance, attracting more consumers. With a rapidly growing customer base and diverse healthcare offerings, Hims & Hers is poised for substantial long-term growth, making it a compelling investment at its current price.