On Tuesday, Piper Sandler confirmed its confidence in GE HealthCare (NASDAQ:GEHC) Technologies Inc. (NASDAQ:GEHC) stock, maintaining an Overweight rating and a $92.00 price target for the shares.
The affirmation follows recent investor meetings with GEHC's Chief Financial Officer Jay Saccaro and Investor Relations lead Carolynne Borders.
During these discussions, the financial firm's positive outlook was reinforced by expectations of revenue growth and margin improvements in the latter half of the year.
The firm also recognized the potential for growth in the Ultrasound segment of GE HealthCare's business, which they believe is currently undervalued.
The maintained Overweight rating suggests that Piper Sandler sees GE HealthCare's stock as a better value than the average stock in the analyst's coverage universe.
The price target of $92.00 indicates the firm's forecast of the stock's potential to reach that price within a certain period of time.
GE HealthCare, a company specializing in healthcare technology, has been the subject of financial analysis due to its position in a dynamic and evolving industry.
The reaffirmed rating and price target reflect the firm's analysis of the company's financial health and market position.
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