Analyst Joanna Gajuk from Bank of America Securities reiterated a Hold rating on Ardent Health Partners, Inc. (ARDT – Research Report) and decreased the price target to $17.00 from $19.00.
Joanna Gajuk’s rating is based on a combination of factors that reflect both potential opportunities and risks for Ardent Health Partners, Inc. The company’s revenue and EBITDA guidance for 2025 align with previous statements, suggesting stability in their financial outlook. However, there are concerns about potential reductions in Medicaid supplemental payments and subsidies, which could impact future estimates.
Despite these risks, there is a positive outlook on core margin improvements, although the price objective has been adjusted to $17 from $19 due to a lower valuation multiple. The company’s revenue growth is expected to be moderate, with pricing and volume increases decelerating compared to previous years. Overall, while there are positive elements in the company’s performance, the uncertainties surrounding external financial support warrant a Hold rating.