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A Quick Look at Today's Ratings for Evolent Health(EVH.US), With a Forecast Between $19 to $36

Futu News ·  Nov 12 21:00  · Ratings

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:

StockTodayLatestRating_nn_71253507651692_20241112_en

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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