Veradigm Stock Price, News & Analysis (NASDAQ:MDRX)

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veradigm in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MDRX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDRX, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1-year price targets for Veradigm's shares. Their MDRX share price targets range from $13.00 to $18.50. On average, they expect the company's share price to reach $16.63 in the next year. This suggests a possible upside of 65.1% from the stock's current price.
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Veradigm's stock was trading at $17.64 at the start of the year. Since then, MDRX stock has decreased by 42.9% and is now trading at $10.07.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
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Veradigm Inc. (NASDAQ:MDRX) posted its quarterly earnings results on Thursday, November, 4th. The software maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.09. The software maker earned $369 million during the quarter, compared to analyst estimates of $376.09 million. Veradigm's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share.

ETFs with the largest weight of Veradigm (NASDAQ:MDRX) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Global X Telemedicine & Digital Health ETF (EDOC), Harbor Health Care ETF (MEDI) and Fidelity Digital Health ETF (FDHT).Invesco S&P SmallCap Health Care ETF (PSCH).

Veradigm updated its FY 2023 earnings guidance on Monday, September, 18th. The company provided earnings per share guidance of $0.80-$0.90 for the period, compared to the consensus earnings per share estimate of $0.87. The company issued revenue guidance of $615.00 million-$635.00 million, compared to the consensus revenue estimate of $638.08 million.

796 employees have rated Veradigm Chief Executive Officer Paul Black on Glassdoor.com. Paul Black has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Veradigm investors own include Advanced Micro Devices (AMD), Netflix (NFLX), Energy Transfer (ET), CVS Health (CVS), Ford Motor (F), Himax Technologies (HIMX), Intel (INTC), OPKO Health (OPK), Tesla (TSLA) and Activision Blizzard (ATVI).

Veradigm's stock is owned by many different retail and institutional investors. Top institutional shareholders include William Blair Investment Management LLC (4.00%), Wellington Management Group LLP (2.44%), Fuller & Thaler Asset Management Inc. (2.33%), Westfield Capital Management Co. LP (2.20%), Charles Schwab Investment Management Inc. (1.75%) and Northern Trust Corp (1.52%). Insiders that own company stock include David B Stevens, Elaina Shekhter, Elizabeth Ann Altman, Greg Garrison, Leah Jones, Lisa Khorey, Michael Klayko, Paul Black, Richard J Poulton, Tejal Vakharia and Thomas Langan.
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Shares of MDRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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