On July 10, 2025, key developments emerged in the financial landscape concerning Centene (CNC, Financial), a healthcare services company. Morgan Stanley, a renowned financial services firm, has announced significant adjustments to its analyst coverage for Centene.
The firm's analyst, Ricky Goldwasser, downgraded the rating of Centene (CNC, Financial) from 'Overweight' to 'Equal-Weight.' This change reflects a shift in the analyst's viewpoint regarding the stock's expected performance relative to its sector.
Alongside the downgrade, Morgan Stanley has substantially lowered the price target for Centene (CNC, Financial). The previous price target was set at 70.00 USD, and it has now been adjusted to 33.00 USD. This represents a 52.86% decrease from the prior target, indicating a cautious outlook.
These actions by Morgan Stanley are pivotal for investors and stakeholders, highlighting a reassessment of Centene's (CNC, Financial) potential market performance moving forward. Stakeholders may need to consider the implications of this revised view on their investment strategies.
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 $68.59 with a high estimate of $91.50 and a low estimate of $45.00. The average target implies an upside of 107.29% from the current price of $33.09. More detailed estimate data can be found on the Centene Corp (CNC) Forecast page.
Based on the consensus recommendation from 21 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 $96.54, suggesting a upside of 191.75% from the current price of $33.09. 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.
