Do analysts agree on the target price for Change Healthcare Inc (CHNG) stock on Thursday?

InvestorsObserver gives Change Healthcare Inc (CHNG) an analyst rating of 28, which means CHNG is ranked higher by analysts than 28% of stocks. The average price target for CHNG is $25.8 and the analyst rates the stock as a buy.

Wall Street analysts rate CHNG as a buy today. Find out what this means to you and get the rest of the leaderboard on CHNG!

Why are analyst ratings important?

While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.

What’s going on with Change Healthcare Inc stock today?

Change Healthcare Inc (CHNG) stock rose 4.42% while the S&P 500 was down -1.01% at 1:13 p.m. Thursday, February 24. CHNG gained $0.90 from the previous closing price of $20.24 on volume of 4,977,381 shares. Over the past year, the S&P 500 is up 6.56% while CHNG is down -8.80%. CHNG has lost -$0.24 per share over the past 12 months. Click here for the full Change Healthcare Inc. stock report.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

Eleanor C. William