Castlight Health (CSLT) Receives Price Target

Castlight Health (CSLT) : Average target price received by Castlight Health (CSLT) is $5.5 with an expected standard deviation of $1.58. The most aggressive target on the stock is $8, whereas the most downbeat target is $4. 5 financial analysts are currently covering the stock.

Castlight Health (CSLT) : 3 brokerage houses believe that Castlight Health (CSLT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Castlight Health (CSLT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.


Castlight Health (NYSE:CSLT): The stock opened at $4.14 on Thursday but the bulls could not build on the opening and the stock topped out at $4.21 for the day. The stock traded down to $4.00 during the day, due to lack of any buying support eventually closed down at $4.10 with a loss of -1.91% for the day. The stock had closed at $4.18 on the previous day. The total traded volume was 466,625 shares.

Castlight Health, Inc. is a provider of cloud-based software that enables enterprises to understand and manage health care spending as a business investment, and help employees and their families make medical decisions. The Companys Enterprise Healthcare Cloud provides information to its employees, implementing technology-enabled benefit designs and integrating systems and applications. The Company deploys consumer-oriented applications that deliver employee engagement and enable employers to integrate benefit programs into one platform available to employees and their families. The Companys Enterprise Healthcare Cloud offering transforms data into transparent and useful information. This data include external data, which it obtains from sources, such as health care providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data generated through the usage of its applications.

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