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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100