Veradigm (MDRX) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veradigm in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating 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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5 equities research analysts have issued 12 month target prices for Veradigm's stock. Their MDRX share price forecasts range from $13.00 to $26.00. On average, they expect the company's stock price to reach $19.36 in the next year. This suggests a possible upside of 44.7% from the stock's current price.
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Veradigm's stock was trading at $17.64 at the beginning of 2023. Since then, MDRX stock has decreased by 24.1% and is now trading at $13.38.
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Veradigm Inc. (NASDAQ:MDRX) released its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The software maker earned $369 million during the quarter, compared to the consensus estimate of $376.09 million. The business's revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS.

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 issued an update on its FY 2023 earnings guidance on Monday, September, 18th. The company provided EPS guidance of $0.80-$0.90 for the period, compared to the consensus EPS 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 trades on the NASDAQ under the ticker symbol "MDRX."

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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One share of MDRX stock can currently be purchased for approximately $13.38.

Veradigm (NASDAQ:MDRX) has a market capitalization of $1.46 billion and generates $1.50 billion in revenue each year. The software maker earns $134.44 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 8,000 workers across the globe.

Veradigm's mailing address is 222 MERCHANDISE MART PLAZA SUITE 2024, CHICAGO IL, 60654. The official website for the company is www.allscripts.com. The software maker can be reached via phone at (800) 334-8534, via email at stephen.shulstein@allscripts.com, or via fax at 313-322-9600.