Deep Dive Into Cencora Stock: Analyst Perspectives (5 Ratings)
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) has received mixed analyst ratings over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased to $276.6, with a high of $287.00 and a low of $249.00. Analysts from firms like JP Morgan, Wells Fargo, and Baird have raised their price targets, indicating a positive outlook. Cencora's financial performance is strong, with high revenue growth, net margin, ROE, and ROA, but it faces challenges with a high debt-to-equity ratio.
August 21, 2024 | 3:00 pm
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Cencora has received mostly somewhat bullish ratings from analysts, with an increased average price target of $276.6. Analysts from major firms have raised their price targets, reflecting a positive outlook. The company's strong financial performance is highlighted by high revenue growth and profitability metrics, though it faces challenges with a high debt-to-equity ratio.
The majority of analysts have a somewhat bullish outlook on Cencora, with increased price targets indicating confidence in the company's future performance. The company's strong financial metrics support this positive sentiment, although the high debt-to-equity ratio is a concern. Overall, the news suggests a likely positive short-term impact on Cencora's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100