Citizens JMP analyst Constantine Davides lowered the firm’s price target on Evolent Health (EVH) to $11 from $13 and keeps an Outperform rating on the shares. Bookings momentum continued in Q3, but membership dynamics remain fluid ahead of 2026, the analyst tells investors in a research note. The firm continues to view 2025 as a trough earnings year and remains constructive on the embedded longer-term margin opportunity of Evolent’s existing contracts and on the expectation for recent bookings momentum to extend into 2026.
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