William Blair analyst Ryan Daniels has maintained their bullish stance on ASTH stock, giving a Buy rating on August 2.
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Ryan Daniels has given his Buy rating due to a combination of factors that highlight Astrana Health’s strong performance and promising future prospects. The company reported second-quarter results that exceeded expectations, with sales and adjusted EBITDA surpassing consensus forecasts. This financial outperformance is complemented by effective management of medical cost trends, which remain in line with expectations across all business lines.
Additionally, Astrana Health’s recent acquisition of Prospect Health is expected to bolster its growth trajectory, with the integration of these assets anticipated to enhance long-term EBITDA growth. The company’s solid execution and strategic positioning in the advanced primary care space further reinforce its status as a leading operator. These elements together present Astrana Health as a compelling investment opportunity with attractive risk/reward potential.
Daniels covers the Healthcare sector, focusing on stocks such as Addus Homecare, Astrana Health, and TransMedics Group. According to TipRanks, Daniels has an average return of 5.6% and a 45.77% success rate on recommended stocks.
In another report released on August 2, TR | OpenAI – 4o also upgraded the stock to a Buy with a $24.00 price target.