Analyst Cautiously Optimistic On Alignment Healthcare, Assesses Journey to Profitability Of Medicare Advantage Firm
Portfolio Pulse from Vandana Singh
Stephens initiated coverage on Alignment Healthcare Inc (NASDAQ:ALHC) with an Equal Weight rating and a price target of $9. The analysts are looking for signs of the company's capacity to achieve sustainable Adjusted EBITDA profitability in 2024 and beyond. Despite significant capabilities and a notable enrollment growth rate, the company has not yet achieved its profitability goal. The Medicare Advantage market is expected to face a challenging reimbursement landscape in 2024.
October 12, 2023 | 6:31 pm
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Stephens initiated coverage on Alignment Healthcare with an Equal Weight rating and a price target of $9. The company is expected to face challenges in achieving profitability in the Medicare Advantage market.
The analysts' cautious outlook and the company's yet-to-be-achieved profitability goal could negatively impact the stock price in the short term. Furthermore, the challenging reimbursement landscape in the Medicare Advantage market in 2024 could pose additional risks.
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IMPORTANCE 80
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