On June 9, 2025, Morgan Stanley initiated coverage on Centene (CNC, Financial) with an "Overweight" rating. The analyst responsible for this coverage is Ricky Goldwasser. This marks a significant development for Centene, a prominent player in the healthcare sector.
As part of this initiation, Morgan Stanley announced a price target of $70.00 USD for Centene (CNC, Financial). This strategic move reflects Morgan Stanley's positive outlook on the company's potential performance in the market.
The initiation of an "Overweight" rating indicates Morgan Stanley's confidence in Centene's (CNC, Financial) ability to outperform relative to other stocks in the same sector. This decision is expected to influence investor perceptions and drive interest toward Centene's stock.
Investors and market watchers will be closely monitoring Centene (CNC, Financial) to see how the company's strategies align with this favorable rating from a leading financial institution like Morgan Stanley.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Centene Corp (CNC, Financial) is $76.16 with a high estimate of $91.50 and a low estimate of $61.00. The average target implies an upside of 36.52% from the current price of $55.79. More detailed estimate data can be found on the Centene Corp (CNC) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Centene Corp's (CNC, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Centene Corp (CNC, Financial) in one year is $96.48, suggesting a upside of 72.95% from the current price of $55.785. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Centene Corp (CNC) Summary page.
