Mizuho Securities analyst Anthony Petrone has maintained their bullish stance on GEHC stock, giving a Buy rating on May 1.
Anthony Petrone has given his Buy rating due to a combination of factors including the transient nature of negative impacts on GE Healthcare Technologies Inc’s first-quarter performance and the company’s robust long-range plan (LRP). Petrone notes that setbacks in the first quarter, which slightly affected revenue, are temporary. Moreover, he highlights the company’s contingency planning within its guidance for the year, complemented by strengths in various areas such as diagnostics, U.S. imaging, AI integration, and services. These elements are expected to not only offset the short-term challenges but also contribute to sustained growth.
Looking further ahead, Petrone identifies several growth catalysts for GE Healthcare Technologies Inc, including the anticipated benefits from an Alzheimer’s drug, increasing AI adoption, new product launches like the F-18, and potential stimulus in China. The company is also strategically positioned to meet or surpass its margin targets within the LRP. With the stock trading at a discount following the first-quarter results, Petrone sees this as an opportune moment for investment, given the company’s trajectory towards increased top-line growth and margin improvement. These factors collectively underpin the Buy rating and the positive outlook for GEHC’s stock.
In another report released on May 1, Oppenheimer also maintained a Buy rating on the stock with a $97.00 price target.
GEHC’s price has also changed moderately for the past six months – from $73.000 to $81.860, which is a 12.14% increase.
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GE Healthcare Technologies Inc (GEHC) Company Description:
GE HealthCare Technologies Inc is a global medical technology, pharmaceutical diagnostics, and digital solutions innovator company.
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