On Nov 12, major Wall Street analysts update their ratings for $Evolent Health (EVH.US)$, with price targets ranging from $19 to $36.
Barclays analyst Stephanie Davis maintains with a buy rating, and adjusts the target price from $39 to $19.
UBS analyst Kevin Caliendo maintains with a buy rating, and adjusts the target price from $46 to $27.
TD Cowen analyst Charles Rhyee maintains with a buy rating, and adjusts the target price from $63 to $36.
RBC Capital analyst Sean Dodge maintains with a buy rating, and adjusts the target price from $42 to $20.
Truist Financial analyst Jailendra Singh maintains with a buy rating, and adjusts the target price from $33 to $24.
Furthermore, according to the comprehensive report, the opinions of $Evolent Health (EVH.US)$'s main analysts recently are as follows:
The third-quarter performance miss for Evolent Health, though disheartening, is not an outlier in the current risk climate, and the core business model continues to hold strong.
Evolent Health's Q3 EBITDA was notably below consensus, primarily due to a substantial rise in Oncology-related costs, both retrospectively and within the quarter. Nonetheless, Evolent reported signing new run-rate business amounting to $200M in Q3, which underscores the increasing demand for specialty care management.
Evolent Health's third-quarter outcomes were characterized as less than satisfactory, leading to a reassessment of its performance trajectory. Previously, it appeared that the company was poised to mitigate elevated expenses through contractual rate enhancements. However, the market's response indicates skepticism regarding Evolent's ability to achieve the anticipated $300M EBITDA target. Despite these sentiments, the prevailing belief among analysts is that the company's margins will stabilize as pricing adjustments materialize over time.
Here are the latest investment ratings and price targets for $Evolent Health (EVH.US)$ from 5 analysts:
Note:
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