RadNet price target raised to $87 from $71 at B. Riley

B. Riley analyst Yuan Zhi raised the firm’s price target on RadNet (RDNT) to $87 from $71 and keeps a Buy rating on the shares following the investor day. The company issued a “compelling growth trajectory” for the next three years, the analyst tells investors in a research note. The firm RadNet offers “superior” growth and technology differentiation in both advanced imaging and digital health integration, the analyst tells investors in a research note. It sees a “good possibility” that the company will leverage artificial intelligence to improve operating efficiency, thereby boosting its revenue and operating margin expansion.