Canaccord Lifts PT on LifeStance Health Group (LFST) to $10 From $9, Here's Why

LifeStance Health Group, Inc. (NASDAQ:LFST) is one of the best hot stocks under $20 to buy. On February 26, Canaccord lifted the price target on LifeStance Health Group, Inc. (NASDAQ:LFST) to $10 from $9 while keeping a Buy rating on the shares. The firm stated that fiscal Q4 results and 2026 guidance contemplate strong growth to continue, with revenue and adj-EBITDA rising 15% and 24% at the midpoints, adding that the reimbursement rate and utilization environment remain favorable.

The rating update came after LifeStance Health Group, Inc. (NASDAQ:LFST) announced financial results for fiscal Q4 and full year 2025 on February 25, reporting fiscal Q4 revenues of $382.2 million, up 17% compared to the prior year period, and full year revenue of $1.424 billion, up 14%. Clinician base also rose 9% to 8,040 clinicians, a sequential net increase of 44 in fiscal Q4 and 657 for the full year.

LifeStance Health Group, Inc. (NASDAQ:LFST) further reported that visit volumes for the quarter increased 18% to 2.4 million, while full year visit volumes increased 14% to 9.0 million. For the full year 2026, the company is expecting revenue of $1.615 billion to $1.655 billion, center margin of $526 million to $550 million, and adjusted EBITDA of $185 million to $205 million.

LifeStance Health Group, Inc. (NASDAQ:LFST) provides outpatient mental health services, including psychological and neuropsychological testing, psychiatric evaluations and treatment, and individual, family, and group therapy. The company operates through a mental health platform and also offers virtual care via its online delivery platform, as well as in-person care at centers located in the United States.

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Disclosure: None. This article is originally published at Insider Monkey.