By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
    Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
    May 24, 2025
    Kim Kardashian’s robbers found guilty in Paris
    Kim Kardashian’s robbers found guilty in Paris
    May 24, 2025
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
    May 24, 2025
    The President’s Daily Brief: No Assembly Required?
    The President’s Daily Brief: No Assembly Required?
    May 23, 2025
    Rescue bid launched for hundreds trapped in South African gold mine | Mining News
    Rescue bid launched for hundreds trapped in South African gold mine | Mining News
    May 23, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Texas governor signals support for Bitcoin reserve bill
    Texas governor signals support for Bitcoin reserve bill
    May 24, 2025
    BTC slips to 9k after trump threatens 50% tariffs on eu
    BTC slips to $109k after trump threatens 50% tariffs on eu
    May 24, 2025
    Crypto market braces for impact amid Trump’s tense global tariff negotiations
    Crypto market braces for impact amid Trump’s tense global tariff negotiations
    May 24, 2025
    Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
    Vameon’s dEmpire of Vampire: The GameFi Comeback We’ve Been Waiting For
    May 24, 2025
    Stablecoins Could Obliterate  Trillion In Global Costs—Anthony Scaramucci
    Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci
    May 23, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Stifel raises Astrana Health target to $48 on expansion optimism By Investing.com
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Business > Stifel raises Astrana Health target to $48 on expansion optimism By Investing.com
Stifel raises Astrana Health target to  on expansion optimism By Investing.com
Business

Stifel raises Astrana Health target to $48 on expansion optimism By Investing.com

Published June 27, 2024
Share
4 Min Read
SHARE

On Thursday, Stifel, a financial services firm, adjusted its outlook on Astrana Health, Inc (NASDAQ:ASTH), raising the price target to $48 from $45 while maintaining a Buy rating on the stock. The revision follows a recent in-person meeting with Astrana Health’s management team, which bolstered confidence in the company’s near to medium-term prospects and its expansion strategy beyond its traditional base in California.

The management discussions highlighted Astrana Health’s current initiatives to grow its presence in Houston and Las Vegas, areas that currently contribute less than 10% of the company’s revenue. Success in these cities could validate Astrana’s business model in both the affiliated and owned provider models in new markets. Furthermore, the company’s ongoing efforts include a robust merger and acquisition (M&A) pipeline, fueled by the current market dislocation in the value-based care (VBC) space, which may offer additional opportunities for geographical expansion.

Astrana Health’s investment in Third Way Health and involvement in a Medicaid Ballot Measure in California were also focal points of the conversations. These initiatives are part of the company’s broader strategy to diversify and strengthen its business operations.

The financial services firm views Astrana’s current trading at 11 times its projected 2025 EBITDA as an attractive entry point for investors. This valuation, coupled with the company’s strategic moves, paints a positive picture for Astrana Health’s future financial performance. The raised price target reflects the firm’s increased optimism about the company’s ability to replicate its success in new markets and capitalize on the potential of its M&A activities.

InvestingPro Insights

In light of Stifel’s positive outlook on Astrana Health, Inc (NASDAQ:ASTH), recent data from InvestingPro provides additional insights that may be valuable for investors. Astrana Health is currently trading at a P/E ratio of 30.72, which is relatively high, indicating that investors may be expecting higher earnings growth in the future. This aligns with the company’s recent revenue growth, which was reported at 19.34% for the last twelve months as of Q1 2024. Additionally, the company’s price is at 87.57% of its 52-week high, suggesting that it is closer to the higher end of its yearly range.

Among the InvestingPro Tips, it is noteworthy that analysts predict Astrana Health will be profitable this year, and the company has been profitable over the last twelve months. Moreover, Astrana Health has demonstrated a strong return over the last five years, which may interest long-term investors. However, it is important to note that the company does not pay a dividend, which could be a consideration for income-focused investors.

For those looking to delve deeper, InvestingPro offers additional tips on Astrana Health, which can be accessed through their platform. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. In total, there are 8 additional InvestingPro Tips available that can provide further guidance on Astrana Health’s financial health and investment potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

#Stifel #raises #Astrana #Health #target #expansion #optimism #Investing.com

TAGGED:AstranaExpansionhealthInvesting.comoptimismRaisesStifeltarget
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article What a Party With Taylor Swift & Travis Kelce Is Really Like  What a Party With Taylor Swift & Travis Kelce Is Really Like 
Next Article Tamara Ecclestone kick starts her 40th birthday celebrations with a family yacht trip in Ibiza as sister Petra, 35, and dad Bernie, 93, join the fun Tamara Ecclestone kick starts her 40th birthday celebrations with a family yacht trip in Ibiza as sister Petra, 35, and dad Bernie, 93, join the fun
- Advertisement -

Latest Post

Texas governor signals support for Bitcoin reserve bill
Texas governor signals support for Bitcoin reserve bill
Cryptocurrency
Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
Must-see: CNA’s 3-part series inside the drug trade, on the frontline of a global war
World News
BTC slips to 9k after trump threatens 50% tariffs on eu
BTC slips to $109k after trump threatens 50% tariffs on eu
Cryptocurrency
Kim Kardashian’s robbers found guilty in Paris
Kim Kardashian’s robbers found guilty in Paris
World News
Crypto market braces for impact amid Trump’s tense global tariff negotiations
Crypto market braces for impact amid Trump’s tense global tariff negotiations
Cryptocurrency
Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
Mum of emaciated baby in Gaza says ‘I lost my husband… I don’t want to lose her’ | World News
World News
- Advertisement -

You Might Also Like

VinFast’s  Billion De-SPAC Valuation Vaults It Past Ford, General Motors
Business

VinFast’s $65 Billion De-SPAC Valuation Vaults It Past Ford, General Motors

August 16, 2023
Asda’s struggle under Issa brothers draws criticism from Chairman Lord Rose
Business

Asda’s struggle under Issa brothers draws criticism from Chairman Lord Rose

August 11, 2024
UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
Business

UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut

June 13, 2024
Construction industry ‘roaring ahead’ after rebound in house building
Business

Construction industry ‘roaring ahead’ after rebound in house building

August 7, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?