Cost Restructuring RiskThe company faces challenges in rightsizing costs after scaling operations for a temporary contract business, creating execution risk and pressure on margins during the reset.
Guidance And Outlook RiskAn initial FY26 outlook that came in below expectations suggests guidance may remain conservative and could limit upside until revenue visibility improves.
Valuation And Confidence GapStreet price targets trade at a steep discount to peers, reflecting investor skepticism about the pace at which the core payer business can scale.