13 Cheap Healthcare Stocks with Huge Upside Potential

Page 12 of 12

1. Centene Corporation (NYSE:CNC)

Analyst Upside: 108.77%

Forward P/E: 5.58

Number of Hedge Fund Holders: 64

Centene Corporation (NYSE:CNC) is one of the 13 Cheap Healthcare Stocks with Huge Upside Potential. On July 2, Cantor Fitzgerald analyst Sarah James lowered the firm’s price target on Centene Corporation (NYSE:CNC) to $65 from $90 while keeping an Overweight rating on the shares.

The analyst told investors in a research note that even when not considering the Health Insurance Exchange risk pool update, the firm saw core Q2 as holding risk for Centene Corporation (NYSE:CNC). It now believes that an even greater pressure exists on Q2 and the year.

Although Cantor Fitzgerald expressed continued likeness towards the company’s core assets, it stated that the near-term trajectory appears less certain and the path to turnaround has hit a number of products.

Centene Corporation (NYSE:CNC) is a healthcare enterprise that provides programs and services to government-sponsored healthcare programs. The company’s operations are divided into the following segments: Medicaid, Medicare, Commercial, and Other.

While we acknowledge the potential of CNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CNC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 12 of 12