Stephens lowered the firm’s price target on Evolent Health (EVH) to $12 from $16 and keeps an Equal Weight rating on the shares. The firm is negatively revising its Q4 and FY25E EBITDA estimates, but believes visibility is high on revenue, profits, and OpEx for the remainder of the business beyond the Performance Suite business, the analyst tells investors.
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Read More on EVH:
- Evolent Health price target lowered to $14 from $27 at UBS
- Evolent Health reiterates long-term outlook, says FY25 guide coming February 20
- Evolent dips after Truist warns guidance may be ‘significantly’ below consensus
- Evolent Health price target lowered to $17 from $20 at RBC Capital
- Evolent Health to Present at J.P. Morgan Conference
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