What 4 Analyst Ratings Have To Say About RadNet
Portfolio Pulse from Benzinga Insights
RadNet (NASDAQ:RDNT) received mixed analyst ratings with an updated average 12-month price target of $53.00, reflecting a 13.56% increase from the previous target. The company, a provider of diagnostic imaging services, showed solid revenue growth and exceptional financial metrics despite a high debt-to-equity ratio. Analysts from Truist Securities and Jefferies raised their price targets, while Barclays announced an 'Equal-Weight' rating.
March 28, 2024 | 6:00 pm
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RadNet received mixed analyst ratings, with an updated average 12-month price target of $53.00, indicating a positive outlook. The company's solid revenue growth and strong financial metrics, despite a high debt-to-equity ratio, were highlighted.
The increase in the average 12-month price target to $53.00, up 13.56% from the previous target, reflects a positive sentiment among analysts, potentially leading to a short-term positive impact on RDNT's stock price. The company's solid revenue growth and exceptional financial metrics, despite a high debt-to-equity ratio, support this outlook. Analyst actions, such as price target raises by Truist Securities and Jefferies, further reinforce the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100