Canaccord Genuity Maintains Buy on Health Catalyst, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close has maintained a Buy rating on Health Catalyst (NASDAQ:HCAT) but lowered the price target from $12 to $11.

February 23, 2024 | 2:44 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Health Catalyst but lowers the price target from $12 to $11.
While the maintenance of a Buy rating indicates continued confidence in Health Catalyst's fundamentals and growth potential, the reduction in price target suggests a slight adjustment in valuation expectations. This could lead to a neutral short-term impact on the stock as investors weigh the positive outlook against the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100