The shares of UnitedHealth Group…

  • The shares of UnitedHealth Group (NYSE: UNH) have received a price target of $550 from SVB Leerink. These are the details.

The shares of UnitedHealth Group (NYSE: UNH) have received a price target of $550 from SVB Leerink. And SVB Leerink analyst Whit Mayo increased the price target on UnitedHealth Group from $480 while reiterating an “Outperform” rating on the shares.

Mayo adjusted the rating after the company’s fourth-quarter 2021 results were largely in-line as was the commentary from the recent analyst day in December. And Mayo pointed out that declines in Optum margins were expected due to increased investments.

The price target was raised as the analyst rolled forward estimates to 2023. And it is based on a 22.1x multiple to the 2023 EPS estimate of $24.93 (from $24.94). Previously, they had applied a multiple to the 2022 EPS estimate. Plus Mayo continues to substantiate their 22.1x multiple based on a one-turn premium to the company’s one-year average.

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

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