Wall Street Zen Upgrades American Well to 'Hold'

Analysts raise rating on telehealth company's stock from 'sell' to 'hold'

Mar. 22, 2026 at 5:09am

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Wall Street Zen, an equity research firm, has upgraded shares of American Well (NYSE:AMWL) from a 'sell' rating to a 'hold' rating in a new report. The move comes as American Well, a Boston-based digital health company that provides telehealth solutions, has seen its stock price fluctuate in recent months.

Why it matters

The upgrade from Wall Street Zen is a positive sign for American Well, which has faced a challenging market environment for telehealth providers in the past year. The company's stock price has declined from its 52-week high, and the 'hold' rating suggests analysts see potential upside but also ongoing risks and uncertainties.

The details

In its report, Wall Street Zen cited a number of factors in its decision to upgrade American Well, including the company's recent financial performance and market positioning. While American Well has faced headwinds, the analysts believe the stock is now fairly valued and may present opportunities for investors going forward.

  • The upgrade was issued on Sunday, March 21, 2026.

The players

Wall Street Zen

An equity research firm that provides analysis and ratings on publicly traded companies.

American Well

A Boston-based digital health company that develops and delivers telehealth solutions to healthcare providers, payers, employers, and patients.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The upgrade from Wall Street Zen is a positive sign for American Well, but the company still faces ongoing challenges in the telehealth market. Investors will be closely watching the company's performance and market positioning in the coming months to see if the 'hold' rating proves warranted.