UnitedHealth Has A Large Runway Of Growth, 'Very Attractive Valuation,' Says Bullish Analyst
Portfolio Pulse from Priya Nigam
UnitedHealth Group Inc (NYSE:UNH) announced its Q2 earnings, which led to an increase in its share price. Bernstein analyst Lance Wilkes upgraded the rating on UnitedHealth from Market-Perform to Outperform and raised the price target from $595 to $603. Wilkes believes that the current valuation of the stock does not reflect the company’s long-term growth prospects.
July 18, 2023 | 3:09 pm
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POSITIVE IMPACT
UnitedHealth's Q2 earnings announcement and the subsequent upgrade by Bernstein analyst Lance Wilkes have positively impacted the company's stock. The analyst believes the current stock valuation does not reflect the company's long-term growth prospects.
The positive Q2 earnings announcement and the subsequent upgrade by Bernstein analyst Lance Wilkes have led to an increase in UnitedHealth's stock price. The analyst's belief that the current stock valuation does not reflect the company's long-term growth prospects suggests potential for further price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100