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RadNet (RDNT) PT Raised to $80 at Jefferies

September 19, 2024 6:15 AM EDT
Get Alerts RDNT Hot Sheet
Price: $56.20 +0.79%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 4 | New: 14
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Jefferies analyst Brian Tanquilut raised the price target on RadNet (NASDAQ: RDNT) to $80.00 (from $75.00) while maintaining a Buy rating.

The analyst comments "Inbound call volume on RDNT remains strong, and investors often ask why we remain bullish, and here's where we stand today: 1) RDNT's core imaging center business continues to perform solidly as it benefits from secular tailwinds and company-specific strategies (hospital JVs), 2) the upcoming rollout of DeepHealth OS should drive margin upside in '25, and 3) we see upcoming AI catalysts (prostate rollout, OEM contract) that should push the stock higher."



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