Bright Health Stock (BHG): $3.50 Price Target From Citi

By Amit Chowdhry ● Jan 14, 2022
  • The shares of Bright Health Group Inc (NYSE: BHG) have received a $3.50 price target from Citi. These are the details.

The shares of Bright Health Group Inc (NYSE: BHG) have received a $3.50 price target from Citi. And Citi analyst Jason Cassorla assumed coverage of Bright Health with a “Neutral” rating while reducing the price target from $5.

Cassorla had assumed coverage of the healthcare services space with a cautious but generally optimistic view. And while the backdrop remains fluid, the playing field has shifted as we enter this year with greater vaccine uptake and a relatively milder variant compared to last year.

Amid the backdrop, Cassorla sees 3 major themes/debates driving the sector, including COVID-19 rollover and normalization of underlying core trends, inflationary cost pressures and offsets, and the reversion of focus back to structural shifts underpinning the healthcare industry.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.