Veradigm (NASDAQ:MDRX) Shares Gap Up - Should You Buy?

Key Points

• Veradigm Inc. shares experienced a significant increase in price, opening at $5.87 after closing at $4.90, indicating strong early trading momentum.
• Analysts have set an average target price of $13.00 for Veradigm, with the overall rating being a "Hold," suggesting cautious sentiment among investors.
• The stock has seen a 13.3% decline overall, with current moving averages standing at $4.75 for 50 days and $4.59 for 200 days, reflecting potential stability concerns.

Shares of Veradigm Inc. (NASDAQ:MDRX - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $4.90, but opened at $5.87. Veradigm shares last traded at $5.87, with a volume of 524 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Veradigm in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.00.

Veradigm Stock Down 1.8%

The business's fifty day moving average is $4.77 and its two-hundred day moving average is $4.58.

About Veradigm

Veradigm Inc, a healthcare technology company, provides information technology solutions and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records (EHR), information connectivity, private cloud hosting, outsourcing, analytics, patient access, and population health management solutions.