GE Healthcare (GEHC) Gets Boost from Upbeat Rating, Double-Digit PT Hike

GE Healthcare Technologies Inc. (NASDAQ:GEHC) is one of the 10 Resilient Stocks Beating Market Slump.

GE Healthcare climbed by 5.08 percent on Tuesday to finish at $63.72 apiece, after an investment firm issued a highly optimistic coverage for its stock, with a double-digit price target potential.

In a market note, RBC assigned an overweight rating and an $80 price target on shares of GE Healthcare Technologies Inc. (NASDAQ:GEHC), marking a 25.5 percent upside potential from its latest closing price.

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RBC said that the coverage reflected its belief that the listed firm currently holds an attractive risk-reward profile not reflected in the approximately 11x 2027 price-to-earnings multiple.

It also noted GE Healthcare Technologies Inc.’s (NASDAQ:GEHC) increased research and development investments and commercial execution, which drove a 5 percent year-on-year increase in order momentum.

At present, GE Healthcare Technologies Inc.’s (NASDAQ:GEHC) backlog stands at $22 billion, roughly equal to estimated 2026 sales.

In other news, earlier this month, GE Healthcare Technologies Inc. (NASDAQ:GEHC) introduced a new cloud-enabled solution designed to help improve workflow and productivity and enable better patient care.

Called the Genesis Radiology Workspace, the technology is a next-generation solution designed to transform radiology workflows, unify the user experience, and empower radiologists with great efficiency and precision, including giving radiologists the freedom to read from anywhere without sacrificing speed or accuracy.

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