Baird analyst Michael Ha has revised the price target for Centene (CNC, Financial), lowering it from $71 to $69 while maintaining a Neutral rating on the stock. The firm anticipates limited interest from incremental buyers in the managed care and healthcare facilities sector due to ongoing policy uncertainties.
Baird believes that companies within the sector are unlikely to increase their guidance for the upcoming periods. The firm expects these companies to adopt a conservative approach for 2025, keeping buffers in place to navigate potential challenges related to Part D and broader economic conditions that could arise later in the year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Centene Corp (CNC, Financial) is $79.16 with a high estimate of $93.00 and a low estimate of $64.00. The average target implies an upside of 25.64% from the current price of $63.01. More detailed estimate data can be found on the Centene Corp (CNC) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Centene Corp's (CNC, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Centene Corp (CNC, Financial) in one year is $94.22, suggesting a upside of 49.53% from the current price of $63.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Centene Corp (CNC) Summary page.
