RBC Capital Raises Dialogue Health Technologies Price Target, Positive On Recent Acquisition

• RBC Capital analyst Douglas Miehm raised the price target for Dialogue Health Technologies Inc (TSX:CARE) to C$10 from C$9 with the Sector Perform rating on the shares.
• Last week CARE announced the acquisition of London, U.K.-based Tictrac Ltd. for up to C$56 million (5.3x 2022E revenues). Tictrac is a SaaS-based provider of a global health and wellness platform that enables healthier living for everyone.
• Miehm views the Tictrac acquisition positively, as it strengthens Dialogue’s value proposition as a fully integrated digital health platform.
• Price Action: CARE shares are trading higher by 1.52% at C$6.00 on TSX on the last check Monday.