American Well (AMWL) Stock Forecast & Price Target

$9.09

-0.12 (-1.30%)

(As of 10/3/2024 ET)

American Well - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
0

Hold
4

Buy
0

Based on 4 Wall Street analysts who have issued ratings for American Well in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 4 have given a hold rating for AMWL.

Consensus Price Target

$15.67
72.73% Upside

According to the 4 analysts' twelve-month price targets for American Well, the average price target is $15.67. The highest price target for AMWL is $20.00, while the lowest price target for AMWL is $12.00. The average price target represents a forecasted upside of 72.73% from the current price of $9.09.

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AMWL Analyst Ratings Over Time

Type	Current Forecast 10/4/23 to 10/3/24	1 Month Ago 9/4/23 to 9/3/24	3 Months Ago 7/6/23 to 7/5/24	1 Year Ago 10/4/22 to 10/4/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$15.67	$15.67	$16.00	$76.29
Forecasted Upside	72.73% Upside	100.60% Upside	156.82% Upside	249.93% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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AMWL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMWL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

American Well Stock vs. The Competition

Type	American Well	Medical Companies	S&P 500
Consensus Rating Score	2.00	2.78	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	71.22% Upside	878.61% Upside	7.61% Upside
News Sentiment Rating	Positive News See Recent AMWL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Hold
8/6/2024	Wells Fargo & Company 3 of 5 stars	S. Berenshteyn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $15.00	+76.89%
5/23/2024	UBS Group 4 of 5 stars		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $12.00	+29.03%
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$35.00 ➝ $20.00	+69.49%
3/23/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$100.00 ➝ $50.00	+7.30%
3/15/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$100.00	+100.80%
2/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$180.00 ➝ $100.00	+65.02%
2/27/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$100.00 ➝ $70.00	+15.51%
2/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$100.00 ➝ $80.00	+10.50%
1/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$84.00	+48.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:23 PM ET.

AMWL Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for American Well is $15.67, with a high forecast of $20.00 and a low forecast of $12.00.
: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for American Well in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AMWL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMWL, but not buy additional shares or sell existing shares.
: According to analysts, American Well's stock has a predicted upside of 72.35% based on their 12-month stock forecasts.
: American Well has been rated by research analysts at Needham & Company LLC, and Wells Fargo & Company in the past 90 days.
: Analysts like American Well less than other "medical" companies. The consensus rating for American Well is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how AMWL compares to other companies.