Cantor Fitzgerald analyst Steven Halper reiterated a Hold rating on HealthStream (NASDAQ: HSTM) today and set a price target of $25. The company’s shares opened today at $28.27.
Halper observed:
“Our rating on HSTM shares is Neutral. The company has a solid franchise in the workforce solutions market. We expect HSTM margins to expand as the company focuses on higher-margin products and cost controls. We believe the shares already reflect our long-term growth assumptions. DCF-based price target remains $25. Our assumptions include 4.3% top-line growth in 2019, and mid-to-high single-digit growth thereafter. We also assume significant margin expansion over time.”
According to TipRanks.com, Halper is a top 25 analyst with an average return of 22.8% and a 72.3% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.
Currently, the analyst consensus on HealthStream is a Hold with an average price target of $25.50, representing a -9.8% downside. In a report issued on October 17, Barrington also maintained a Hold rating on the stock.
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HealthStream’s market cap is currently $901.3M and has a P/E ratio of 312.03. The company has a Price to Book ratio of 2.93.
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HealthStream, Inc. engages in the provision of services to healthcare organizations and other members within the healthcare industry. It operates through the following segments: Workforce Solutions and Provider Solutions.
