GEHC Stock Price Continues In Powerful Uptrend Channel

  • Post category:Analysts Activity
  • Reading time:2 mins read
Get Email Alerts and Follow Us:

GEHC stock price continued in a powerful uptrend channel on March 30, 2023. The stock has been in an uptrend channel for 3 months which is an impressive feat in the current market environment. The stock is in a technical strong uptrend.

GEHC stock price trading in uptrend channel as of March 30 2023
GEHC stock price trading in uptrend channel as of March 30, 2023

GEHC stock price initiated with an Outperform at Evercore

Vijay Kumar, an analyst at Evercore, began covering GEHC stock on March 13, 2023, with an Outperform rating and a $90 price target, which is a 17 percent increase over current prices. According to the analyst, the company’s successful platforming and pricing initiatives could increase margins by 50 to 100 basis points annually. The analyst claims that GE HealthCare’s pricing and innovation support its revenue acceleration thesis.

GEHC stock price headed higher, Barron’s says

After a difficult 2022 marked by supply-chain issues and inflation, GE HealthCare (GEHC) was spun out of General Electric (GE) on March 11, 2023. Investors seem pleased with what they have seen from the company thus far in 2023, the first year for the newly independent company, as evidenced by the stock’s 26 percent increase since its initial public offering, according to Al Root’s article in this week’s issue of Barron’s. While increasing profit margins to nearly 20 percent, GE HealthCare anticipates mid-single digit annual percentage sales growth. By the middle of the decade, the growth and profit equation could produce earnings per share of more than $6. Shares of GE HealthCare would be worth approximately $110 each, or a 20% annualized gain, if they trade in line with the market at that time, the author observes. Source:

Get Email Alerts and Follow Us: