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Highlights

  • Three brokers have issued Buy ratings on Kooth.

  • Price targets range from AUD 5.33 (GBP 260) to AUD 9.06 (GBP 442).

  • Kooth’s shares last closed at 142.5 GBp (AUD 2.85), down 5% on the day.

Kooth Plc (LSE:KOO), a digital mental health services provider, has received favourable ratings from three brokers, each assigning a Buy recommendation with price targets significantly higher than its latest market price. 

Analyst Ratings

The three brokers covering Kooth have set ambitious price targets that highlight material upside potential from current levels.

  • One broker set a price target of AUD 5.33 (GBP 260), representing an 82.46% upside.

  • Another issued a target of AUD 9.06 (GBP 442), indicating a potential 210.18% upside.

  • A third placed its price target at AUD 8.81 (GBP 429), equating to a 201.75% gain.

The average of the three targets is AUD 7.73 (GBP 377), which suggests an implied upside of more than 170% from the last close.

Share Price Performance

On 23 September 2025, Kooth’s shares closed at 142.5 GBp (AUD 2.85), a decline of 7.5 GBp (5.0%) compared with the previous session. Trading volume reached 364,305 shares. 

Business and Operational Update

Kooth recently reported unaudited results for the six months ended 30 June 2025. Revenue stood at GBP 32.1 million (AUD 64.2 million), slightly lower than the prior period, primarily due to foreign exchange headwinds. On a constant currency basis, revenue grew 1.3%.

Annual recurring revenue (ARR) came in at GBP 61.7 million (AUD 123.4 million), with US operations, particularly California and New Jersey, contributing to growth. Over 130,000 users have now registered with Kooth’s California platform, Soluna, which continues to exceed state-level targets.

Kooth also completed the launch of its New Jersey contract and expects further US pipeline opportunities as states expand funding for digital mental health services.

Financial Position

Kooth ended the period with a net cash balance of GBP 15.3 million (AUD 30.6 million), compared to GBP 14.9 million a year earlier. Adjusted EBITDA declined to £1.6 million (AUD 3.2 million) from GBP 7.8 million, reflecting planned front-loaded investment in marketing in California. The Group also executed a GBP 1.5 million (AUD 3.0 million) share buyback during the half year.

Outlook

Looking ahead, Kooth expects to deliver revenue and adjusted EBITDA in line with market expectations, before accounting for potential currency fluctuations. Its US pipeline remains active, supported by growing state-level demand for digital mental health solutions. In the UK, strategic partnerships and government policy are expected to reinforce its leading market position.