BrightSpring Health Services (BTSG) has shown strong financial performance, with Q4 revenue exceeding expectations at $3.05 billion and adjusted EPS of 22c, beating the consensus of 21c. The company projects FY25 adjusted EBITDA growth of 18.4%-21.7%, indicating robust operational performance. However, insider sentiment is negative, with 25 insiders selling shares recently.
The stock is trading at $18.51 with a 14-day RSI of 45.18, indicating a neutral position. The MACD is slightly bearish at -0.66, while the Stochastic Oscillator is bullish at 65.77. Fibonacci resistance levels are at $18.39 and $19.03, with support at $16.30 and $15.66.
Analysts maintain a Strong Buy rating with an average price target of $25.06, suggesting a 55.94% upside potential. Wells Fargo and UBS have raised their price targets, reflecting confidence in BTSG's growth prospects.
Based on strong earnings, positive analyst sentiment, and technical indicators, BTSG is expected to rise to $19.20 next week. The recommendation is to BUY as the stock is undervalued with significant upside potential.
The price of BTSG is predicted to go up 8.14%, based on the high correlation periods with CLH. The similarity of these two price pattern on the periods is 98.54%.
BTSG
CLH
Morgan Stanley
2024-12-17
Price Target
$19 → $20
Upside
+8.24%
Wells Fargo
2024-11-27
Price Target
$17 → $21
Upside
+9.72%
Mizuho
2024-11-04
Price Target
$17 → $20
Upside
+13.77%