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Centene (CNC) Stock Forecast & Price Target

$72.72
-1.91 (-2.56%)
(As of 04:10 PM ET)

Centene - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Consensus Price Target

$85.23
17.20% Upside
High Forecast$110.00
Average Forecast$85.23
Low Forecast$72.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
11 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$85.23$85.25$83.57$91.11
Forecasted Upside17.20% Upside20.82% Upside21.01% Upside20.29% Upside
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CNC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CNC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Centene Stock vs. The Competition

TypeCenteneMedical CompaniesS&P 500
Consensus Rating Score
2.50
2.70
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside17.20% Upside831.09% Upside10.87% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/2/2024Barclays
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 Boost TargetOverweight ➝ Overweight$101.00 ➝ $104.00+41.90%
4/30/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$81.00 ➝ $82.00+11.64%
4/29/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$110.00 ➝ $110.00+48.75%
4/15/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$89.00 ➝ $93.00+31.49%
4/4/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$90.00+22.40%
3/21/2024Stephens
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 Reiterated RatingOverweight ➝ Equal Weight$92.00 ➝ $85.00+9.14%
12/21/2023Truist Financial
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 Boost TargetBuy ➝ Buy$83.00 ➝ $86.00+18.25%
12/21/2023UBS Group
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 Boost TargetNeutral ➝ Neutral$72.00 ➝ $79.00+8.55%
10/9/2023Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$82.00 ➝ $81.00+16.21%
9/5/2023Bank of America
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 UpgradeUnderperform ➝ Neutral$79.00 ➝ $72.00+17.51%
8/30/2023Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$94.00 ➝ $73.00+13.28%
7/12/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
7/11/2023Mizuho
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 Lower Target$80.00 ➝ $76.00+12.91%
7/7/2023JPMorgan Chase & Co.
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 Lower Target$81.00 ➝ $77.00+14.63%
4/26/2023Credit Suisse Group
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 Lower Target$94.00 ➝ $87.00+25.56%
2/14/2023Cowen
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 Lower TargetOutperform$101.00 ➝ $97.00+32.73%
2/8/2023The Goldman Sachs Group
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 Lower TargetNeutral$97.00 ➝ $74.00+2.91%
2/8/2023Loop Capital
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 Lower Target$110.00 ➝ $95.00+33.84%
12/14/2022Argus
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 Boost Target$95.00 ➝ $99.00+18.96%
9/22/2022Cowen
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 Lower Target$108.00 ➝ $101.00+27.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:36 PM ET.

CNC Frequently Asked Questions

What is Centene's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Centene is $85.23, with a high forecast of $110.00 and a low forecast of $72.00. The consensus rating for Centene stock is Moderate Buy based on the current 6 hold ratings and 6 buy ratings for CNC. Learn more on CNC's analyst rating history.

Do Wall Street analysts like Centene more than its competitors?

Analysts like Centene less than other "medical" companies. The consensus rating score for Centene is 2.50 while the average consensus rating score for "medical" companies is 2.70. Learn more on how CNC compares to other companies.

Does Centene's stock price have much upside?

According to analysts, Centene's stock has a predicted upside of 20.19% based on their 12-month stock forecasts.

What analysts cover Centene?

Centene has been rated by research analysts at Barclays, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Oppenheimer, Stephens, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:CNC) was last updated on 5/28/2024 by MarketBeat.com Staff

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