On Tuesday, Jefferies analysts revised the price target for RadNet (NASDAQ:RDNT) shares, reducing it to $80 from the previous $100, while reaffirming a Buy rating on the company's stock.
The adjustment follows a recent dinner event with RadNet management, where several key insights were shared regarding the company's current status and future outlook.
During the engagement, it was revealed that RadNet has not experienced any adverse effects from the recent Los Angeles fires. Management conveyed an optimistic view for the years 2025 and 2026, anticipating sustained robustness in their core operations along with successful advancements in their digital segment. Additionally, RadNet is actively pursuing mergers and acquisitions with a disciplined approach to valuation.
The company is also expected to secure a new hospital partnership for its DeepHealth Operating System within the current year. Moreover, RadNet is planning to channel general and administrative funds into further development of its digital segment. Lastly, wage inflation is currently on track at approximately 5%, as noted by the management team.
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