Barclays Maintains Equal-Weight Rating for CPSI: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating on Computer Programs and Systems Inc (NASDAQ:CPSI) but lowered its price target from $12.00 to $10.00. CPSI's shares are currently trading at $9.78, and the new price target suggests a modest upside potential of 2.25%. CPSI provides healthcare solutions and services, with the majority of its revenue coming from the Acute Care EHR segment.
January 22, 2024 | 5:00 pm
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Barclays maintains an Equal-Weight rating on CPSI and lowers the price target to $10.00, indicating a potential 2.25% increase from the current price of $9.78.
The maintenance of an Equal-Weight rating by Barclays suggests that CPSI's stock is fairly valued at its current price, but the reduction in the price target could indicate a tempered expectation for the stock's growth potential. However, the new target still represents a slight upside, which could lead to a modest positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100