Talkspace price target lowered to $2 from $3 at Barclays

Barclays lowered the firm’s price target on Talkspace to $2 from $3 and keeps an Equal Weight rating on the shares. The company’s Q2 print saw a mild revenue beat, in line adjusted EBITDA, and reiterated fiscal 2024 guidance, the analyst tells investors in a research note. The firm sees a difficult macro environment for pre-profitability small cap growth names.