Kyle Evans, an analyst from Stephens, has initiated a new Hold rating on Oscar Health (OSCR).
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Kyle Evans has given his Hold rating due to a combination of factors affecting Oscar Health’s current and future performance. The company’s focus on tech-enabled solutions within the ACA Exchanges presents both opportunities and challenges. While Oscar Health is executing its growth strategies and managing its SG&A expenses, the current downturn in the underwriting cycle introduces volatility and uncertainty in achieving long-term profitability targets.
Furthermore, policy changes, such as those related to ACA subsidies, contribute to the uncertainty surrounding Oscar Health’s sustainability and growth trajectory. Despite the potential for market share gains and new product offerings, the volatility in profitability and the challenges in reaching mature-level profitability profiles have led to a cautious outlook. Therefore, Evans has initiated coverage with a Hold rating, reflecting these mixed prospects.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $16.50 price target.