Canaccord lowered the firm’s price target on Health Catalyst (HCAT) to $9 from $10 and keeps a Buy rating on the shares. The firm said while they are lowering their 2Q estimates, their 2025 forecasts are only modestly tweaked. Clearly, there remains uncertainty given the macro environment, but managementindicated confidence in a growing pipeline of new business opportunities to reach its bookings target.
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Read More on HCAT:
- Health Catalyst’s Strong Financial Performance and Growth Prospects Justify Buy Rating
- Health Catalyst’s Strong Q1 Performance and Strategic Platform Transition Justify Buy Rating
- Health Catalyst Reports Strong Q1 2025 Results
- Health Catalyst: Strong Q1 Performance and Promising Growth Outlook Drive Buy Rating
- Health Catalyst reports Q1 adjusted EPS 1c, consensus 0c
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