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Truist Lifts Centene (CNC) Target to $49, Maintains Buy Rating After Positive Management Meetings

Centene Corporation (NYSE:CNC) is included among the 14 Best GARP Stocks to Buy According to Analysts.

On February 25, Truist raised its price recommendation on Centene Corporation (NYSE:CNC) to $49 from $47. The firm maintained a Buy rating on the shares. The analyst told investors that the firm remains bullish on the stock following positive meetings with management. Truist said it sees meaningful margin opportunities across the company’s segments. The firm also noted that current initiatives are supporting steady improvement. It expects continued progress as Centene works toward unlocking more of its earnings potential.

During the Q4 2025 earnings call, CEO Sarah London reported an adjusted diluted loss per share of ($1.19) for the fourth quarter. For the full year 2025, adjusted diluted EPS totaled $2.08. She acknowledged that 2025 had been a difficult year. Still, she said disciplined execution helped the company finish slightly ahead of the expectations it had shared during the third quarter call.

London said profitability in the Medicaid segment improved during the period. She also noted that the Marketplace and Medicare businesses performed in line with or slightly better than expectations for the quarter. She added that enrollment results for 2026 created a strong foundation to support earnings growth in the year ahead.

Looking forward, London said the company expects full-year 2026 adjusted EPS to exceed $3. She noted that this would represent more than 40% year-over-year growth. She described the outlook as an important step in rebuilding the company’s underlying earnings strength. She explained that the forecast assumes stable Medicaid margins. It also reflects meaningful margin recovery in the Marketplace segment and continued progress toward breakeven in Medicare Advantage.

Centene Corporation (NYSE:CNC) is a healthcare company that provides integrated services to government-sponsored and commercial healthcare programs. Its focus is on underinsured and uninsured individuals. The company operates through Medicaid, Medicare, Commercial, and Other segments.

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: 13 Most Promising Long-Term Stocks to Buy According to Hedge Funds and 14 Best Affordable Dividend Stocks to Buy According to Analysts

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