Raymond James Sticks to Their Buy Rating for Health Catalyst (HCAT)


In a report released yesterday, John Ransom from Raymond James reiterated a Buy rating on Health Catalyst (HCAT), with a price target of $56.00. The company’s shares closed last Thursday at $46.85.

According to TipRanks.com, Ransom is a 5-star analyst with an average return of 14.0% and a 64.1% success rate. Ransom covers the Healthcare sector, focusing on stocks such as Oak Street Health, Acadia Healthcare, and AmerisourceBergen.

Health Catalyst has an analyst consensus of Strong Buy, with a price target consensus of $52.40, representing a 9.7% upside. In a report issued on February 17, Canaccord Genuity also maintained a Buy rating on the stock with a $60.00 price target.

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The company has a one-year high of $55.07 and a one-year low of $17.48. Currently, Health Catalyst has an average volume of 488.5K.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HCAT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Health Catalyst, Inc. engages in the provision of data and analytics technology and services to healthcare organizations. It operates through the Technology, and Professional Services segments. The Technology segment includes its data platform, analytics applications, and support services. The Professional Services segment combines analytics, implementation, strategic advisory, outsource, and improvement services to deliver expertise to its customers. The company was founded by Steven C. Barlow and Thomas D. Burton in 2008 and is headquartered in Salt Lake City, UT.

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