Analyst Scoreboard: 4 Ratings For Evolent Health
Portfolio Pulse from Benzinga Insights
Evolent Health (NYSE:EVH) received mixed analyst ratings, with 4 analysts offering views ranging from bullish to somewhat bullish over the last three months. The average 12-month price target is $40.5, a decrease from the previous target, reflecting a 5.09% decline. Analyst actions include both upgrades and downgrades, with price targets ranging from $37.00 to $45.00. Evolent Health, engaged in healthcare delivery and payment, has shown strong financial performance with a revenue growth rate of 44.93% and above-average market capitalization, despite a net margin of -6.5% and an ROE of -3.03%.

February 23, 2024 | 6:01 pm
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Evolent Health received mixed analyst ratings, with a new average 12-month price target of $40.5, indicating a 5.09% decline. The company's strong financial performance, including a 44.93% revenue growth, may influence its stock price positively in the short term.
The mixed analyst ratings with a slight decline in the average price target suggest caution, yet the company's strong financial performance, particularly the significant revenue growth, indicates a positive outlook. This contrast may lead to a cautiously optimistic view among investors, potentially driving short-term interest and positive price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100