12 Month Price Forecast For CNC
Distance to CNC Price Forecasts
CNC Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: January 23, 2025 4:45 AM UTC
CNC Analyst Ratings & Price Targets
Based on our analysis of 33 Wall Street analysts, CNC has a consensus that is bullish. The median price target is $80.00, with forecasts ranging from $52.00 to $93.00. Currently, there are 12 Buy ratings, 6 Hold ratings, and 1 Sell ratings.
With CNC currently trading at $63.53, the median price forecast suggests a 25.9% upside. The most optimistic forecast comes from Andrew Mok at Barclays, projecting a 46.4% upside, while David Windley at Jefferies provides the most conservative target, suggesting a -18.1% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
CNC Analyst Consensus
CNC Price Target Range
Latest CNC Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for CNC.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Dec 17, 2024 | JP Morgan | John Stansel | Overweight | Assumes | $75.00 |
| Dec 13, 2024 | UBS | A.J. Rice | Buy | Upgrade | $80.00 |
| Dec 13, 2024 | Truist Securities | Ryan MacDonald | Buy | Maintains | $84.00 |
| Dec 13, 2024 | Stephens & Co. | Scott Fidel | Equal-Weight | Maintains | $73.00 |
| Dec 13, 2024 | Barclays | Andrew Mok | Overweight | Maintains | $93.00 |
| Dec 13, 2024 | Oppenheimer | Michael Wiederhorn | Outperform | Maintains | $85.00 |
| Dec 11, 2024 | Cantor Fitzgerald | Sarah James | Overweight | Reiterates | $90.00 |
| Dec 10, 2024 | Jefferies | David Windley | Underperform | Downgrade | $52.00 |
| Nov 4, 2024 | Wells Fargo | Stephen Baxter | Overweight | Maintains | $90.00 |
| Oct 30, 2024 | Bernstein | Lance Wilkes | Outperform | Maintains | $88.00 |
| Oct 29, 2024 | Barclays | Andrew Mok | Overweight | Maintains | $91.00 |
| Oct 25, 2024 | Baird | Michael Ha | Neutral | Maintains | $66.00 |
| Oct 1, 2024 | Cantor Fitzgerald | Sarah James | Overweight | Reiterates | $90.00 |
| Sep 20, 2024 | Cantor Fitzgerald | Sarah James | Overweight | Reiterates | $90.00 |
| Sep 13, 2024 | Wells Fargo | Stephen Baxter | Overweight | Maintains | $91.00 |
| Sep 10, 2024 | Cantor Fitzgerald | Sarah James | Overweight | Reiterates | $90.00 |
| Sep 5, 2024 | Barclays | Andrew Mok | Overweight | Maintains | $97.00 |
| Aug 22, 2024 | Barclays | Andrew Mok | Overweight | Maintains | $98.00 |
| Aug 19, 2024 | Cantor Fitzgerald | Sarah James | Overweight | Reiterates | $90.00 |
| Aug 5, 2024 | Wells Fargo | Stephen Baxter | Overweight | Maintains | $93.00 |
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Centene Corp (CNC) Financial Data
Centene Corp has a market capitalization of $32.14B with a P/E ratio of 11.0x. The company generates $146.20B in trailing twelve-month revenue with a 2.1% profit margin.
Revenue growth is +6.1% quarter-over-quarter, while maintaining an operating margin of +3.0% and return on equity of +11.6%.
Valuation Metrics
Growth & Margins
Financial Health
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Centene Corp (CNC) Company Overview
About Centene Corp
Provides healthcare services to under-insured populations.
The company generates revenue through various segments including Medicaid, Medicare, and Commercial health plans. It offers a range of health coverage options, including specialized plans for vulnerable populations and commercial health insurance products. Additionally, it engages in government contracts, expanding its revenue streams.
Founded in 1984 and based in Saint Louis, Missouri, the company has a broad operational scope that includes clinical healthcare services, pharmacies, and specialized therapies. Its diverse offerings position Centene as a significant player in the healthcare sector, addressing the needs of various demographics across the United States.
Company Information
Sector
Healthcare
Industry
Healthcare Plans
Employees
67,700
CEO
Ms. Sarah M. London
Country
United States
IPO Year
2001
Website
www.centene.comCentene Corp (CNC) Latest News & Analysis
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CENTENE CORPORATION TO HOST 2024 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS EARNINGS CALL
8 days agoCentene Corporation (NYSE: CNC) will release its Q4 and year-end 2024 financial results on February 4, 2025, at 6:00 a.m. ET, followed by a conference call at 8:30 a.m. ET.
Centene's upcoming financial results and conference call may impact stock performance, reflecting the company's health and future growth potential, which is crucial for investment decisions.
'Ohana Health Plan and Hope Services Hawaii Launch Residential Program for Integrated Clinical Care
9 days ago'Ohana Health Plan and Hope Services Hawaii launched a new residential program in Hilo to support homeless individuals with complex health needs, marking a significant partnership in healthcare and housing.
The partnership enhances Centene's service offerings in a growing market, potentially increasing its customer base and improving financial performance through better health outcomes and reduced costs.
CNC's 'Ohana Health Plan partners with Hope Services Hawaii to create a residential program providing integrated clinical care for members experiencing homelessness and complex health issues.
CNC's partnership enhances its service offerings, potentially increasing member retention and attracting new clients, which can boost revenue and improve market position.
Most US health insurers are projected to see revenue and earnings declines in Q4 2024, but UnitedHealth and Oscar Health are expected to report growth.
Forecasted declines in revenue and earnings for health insurers signal potential challenges ahead, impacting stock valuations. Focus on 2025 growth and Medicare Advantage could influence investor sentiment.
Health Net is providing support to its members in California during a state of emergency, as declared by the Governor.
Health Net's support during a state of emergency may enhance its reputation and customer loyalty, potentially impacting its stock performance and attracting new investors.
Frequently Asked Questions About CNC Stock
What is Centene Corp's (CNC) stock forecast for 2025?
Based on our analysis of 33 Wall Street analysts, Centene Corp (CNC) has a median price target of $80.00. The highest price target is $93.00 and the lowest is $52.00.
Is CNC stock a good investment in 2025?
According to current analyst ratings, CNC has 12 Buy ratings, 6 Hold ratings, and 1 Sell ratings. The stock is currently trading at $63.53. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for CNC stock?
Wall Street analysts predict CNC stock could reach $80.00 in the next 12 months. This represents a 25.9% increase from the current price of $63.53. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Centene Corp's business model?
The company generates revenue through various segments including Medicaid, Medicare, and Commercial health plans. It offers a range of health coverage options, including specialized plans for vulnerable populations and commercial health insurance products. Additionally, it engages in government contracts, expanding its revenue streams.
What is the highest forecasted price for CNC Centene Corp?
The highest price target for CNC is $93.00 from Andrew Mok at Barclays, which represents a 46.4% increase from the current price of $63.53.
What is the lowest forecasted price for CNC Centene Corp?
The lowest price target for CNC is $52.00 from David Windley at Jefferies, which represents a -18.1% decrease from the current price of $63.53.
What is the overall CNC consensus from analysts for Centene Corp?
The overall analyst consensus for CNC is bullish. Out of 33 Wall Street analysts, 12 rate it as Buy, 6 as Hold, and 1 as Sell, with a median price target of $80.00.
How accurate are CNC stock price projections?
Stock price projections, including those for Centene Corp, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
