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Welltower price target raised to $221 from $190 at BofA
The Fly

Welltower price target raised to $221 from $190 at BofA

BofA analyst Joshua Dennerlein raised the firm’s “Street high” price target on Welltower (WELL) to $221 from $190 and keeps a Buy rating on the shares. The firm sees “significant long-term value” in Welltower’s core business of senior housing, but it also believes the market is underestimating the power of “WellGPT,” a type of narrow AI that the company has developed using machine learning techniques, and “how far ahead it is” in developing AI for real estate investment decisions. Use cases for WellGPT extend well beyond Welltower’s core business, adds the analyst, who expects that the company will eventually monetize their platform.

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