Jefferies analyst Brian Tanquilut maintains $RadNet (RDNT.US)$ with a buy rating, and adjusts the target price from $80 to $100.
According to TipRanks data, the analyst has a success rate of 50.3% and a total average return of 3.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $RadNet (RDNT.US)$'s main analysts recently are as follows:
The firm's increased valuation of RadNet follows their participation in the RSNA Conference, which enhanced their recognition of the competitive advantages and differentiation inherent in DeepHealth's product suite, particularly highlighting aspects such as speed, integration, and usability.
The continuation of robust health care utilization, combined with a trend of shifting services from hospitals to freestanding centers, is expected to maintain healthy volume levels. Additionally, the use of RadNet's significant cash reserves for mergers and acquisitions is anticipated to enhance growth and earnings potential.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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