Truist's analyst Tobey Sommer has reduced the price target for AMN Healthcare (AMN, Financial) from $40 to $25, while maintaining a Buy rating on the stock. This adjustment is part of the firm's comprehensive review of companies in the Human Capital sector, responding to broader economic uncertainties.
The revised price target reflects a more cautious outlook based on feedback from private companies and macroeconomic challenges identified in Truist's recent Safari Snapshots poll. Previously, optimism was fueled by the Trump administration's deregulation initiatives and potential extensions of the Tax Cuts and Jobs Act (TCJA), which had instigated a positive outlook for staffing firms. However, the introduction of tariffs has dampened this initial enthusiasm.
The adjustment underscores the impact of changing economic conditions on companies like AMN Healthcare as they navigate fluctuating market dynamics and regulatory landscapes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for AMN Healthcare Services Inc (AMN, Financial) is $30.71 with a high estimate of $40.00 and a low estimate of $26.00. The average target implies an upside of 55.59% from the current price of $19.74. More detailed estimate data can be found on the AMN Healthcare Services Inc (AMN) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, AMN Healthcare Services Inc's (AMN, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" 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 AMN Healthcare Services Inc (AMN, Financial) in one year is $53.31, suggesting a upside of 170.06% from the current price of $19.74. 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 AMN Healthcare Services Inc (AMN) Summary page.
