Ardent Health Partners, Inc. (ARDT – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst on May 6. Analyst Whit Mayo from Leerink Partners reiterated a Buy rating on the stock and has a $21.00 price target.
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Whit Mayo’s rating is based on Ardent Health Partners, Inc.’s strong first-quarter performance, which included a 3% EBITDA beat, driven by robust volumes, effective cost management, and improved margins. The company managed to slightly exceed expectations with a $2 million EBITDA beat, reaffirming its 2025 outlook, which suggests potential for future growth.
Additionally, the company’s revenue showed a year-over-year increase of 4%, supported by a 7.5% growth in admissions and a modest rise in revenue per admission. Despite mixed surgery volumes, the overall performance indicates that Ardent Health Partners is under-earning its potential, with opportunities for further growth, particularly if unannounced mergers and acquisitions materialize as expected.
ARDT’s price has also changed moderately for the past six months – from $16.270 to $13.010, which is a -20.04% drop .
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