Analysts Raises Forecasts On UnitedHealth On Controlled Growth Strategy After Cyber Hack
Portfolio Pulse from Vandana Singh
UnitedHealth Group (NYSE:UNH) reported better-than-expected Q1 revenue and earnings, despite a cyberattack on its subsidiary Change Healthcare. Adjusted EPS was $6.91, beating the consensus of $6.62, with revenues increasing to $99.8 billion. Analysts from Piper Sandler, Truist, and Goldman Sachs have raised their price targets and maintained positive ratings, citing controlled growth strategy, strong core trends, and financial flexibility.
April 17, 2024 | 7:54 pm
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UnitedHealth Group reported strong Q1 results with adjusted EPS of $6.91 and revenues of $99.8 billion, surpassing expectations. Analysts from Piper Sandler, Truist, and Goldman Sachs raised their price targets, reflecting optimism in the company's growth strategy and recovery from the cyberattack.
The positive earnings report and subsequent analyst upgrades, including raised price targets and maintained positive ratings, indicate strong investor confidence and potential for short-term stock price appreciation. The recovery from the cyberattack and maintained EPS guidance further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100