J.P. Morgan Assigns an Overweight Rating to UnitedHealth Group (UNH) With a $418 PT

UnitedHealth Group Incorporated (NYSE:UNH) is one of the most undervalued blue chip stocks to buy according to hedge funds. J.P. Morgan analyst Lisa Gill assigned an Overweight rating to UnitedHealth Group Incorporated (NYSE:UNH) with a $418 price target, suggesting that the company could rebound by 48% in the coming 12 months.

UnitedHealth Group’s (UNH) Healthcare Dominance: A Key Player in the Dogs of the Dow

A senior healthcare professional giving advice to a patient in a clinic.

She stated that the company’s shift from “unaware” in February to “proactively cooperating” with the Department of Justice isn’t surprising, as she views the company’s engagement as part of a broader defense of its practices. The analyst expressed an optimistic outlook for UnitedHealth Group Incorporated (NYSE:UNH), noting:

“While we are not lawyers, we note that if the court were to view this case similarly to previous ones brought forth by the DOJ regarding the False Claims Act (FCA), we believe that this would place the burden of proof on the DOJ to prove improper coding.”

UnitedHealth Group Incorporated (NYSE:UNH) provides healthcare coverage, data consultancy, and software services. It operates through the OptumRx, OptumInsight, OptumHealth, and UnitedHealthCare segments, which have solid operations.

While we acknowledge the potential of UNH 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 UNH and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.