Babylon Holdings price target raised to $20 from $4 at BTIG

BTIG analyst David Larsen raised the firm’s price target on Babylon Holdings to $20 from $4 and keeps a Buy rating on the shares. The analyst states that his recent meetings with the company CEO and CFO renewed his conviction that Babylon offers a highly differentiated technology solution that is scalable. Larsen adds that he is positive on the way Artificial Intelligence is being developed for certain disease states that can be used to prevent high-cost hospital admissions.