- Centene Corporation's (CNC, Financial) stock rose by 5.9%, driven by strategic realignment.
- Analysts have set a one-year average price target of $78.15, suggesting a 25.25% upside.
- GuruFocus estimates a GF Value of $93.82, implying a 50.35% potential gain.
Centene Corporation (CNC) experienced a significant stock price increase, climbing 5.9% to $64.29. This surge was supported by higher trading volumes and strengthened investor confidence in the company's strategic direction. By concentrating on Medicaid, Medicare, and ACA plans, Centene has enhanced its growth outlook. Analysts predict quarterly earnings of $2.20 per share, with revenues anticipated to reach $43.47 billion.
Wall Street Analysts Forecast
Seventeen analysts have provided one-year price targets for Centene Corp (CNC, Financial), with an average estimate of $78.15. These targets range from a high of $93.00 to a low of $53.00. The average price target indicates a potential upside of 25.25% from the current price of $62.40. For a more comprehensive analysis, visit the Centene Corp (CNC) Forecast page.
The consensus recommendation from 20 brokerage firms places Centene Corp (CNC, Financial) at an average rating of 2.5, denoting an "Outperform" status. This grading follows a scale from 1 to 5, where 1 represents a Strong Buy and 5 suggests a Sell.
GuruFocus Analysis
According to GuruFocus estimates, the GF Value for Centene Corp (CNC, Financial) in one year is projected to be $93.82. This valuation suggests an impressive upside of 50.35% from the current trading price of $62.4. The GF Value reflects GuruFocus' assessment of the stock's fair trading value, calculated based on historical trading multiples, business growth history, and future business performance projections. To delve deeper into these metrics, explore the Centene Corp (CNC) Summary page.
