Jefferies lifts Cigna stock price target to $397, maintains buy rating

Published 05/05/2025, 11:20
Jefferies lifts Cigna stock price target to $397, maintains buy rating

The analyst’s commentary underscores the belief that Cigna’s current strategy and market positioning offer a stable investment opportunity, even when compared to peers that may present more upside potential. The company’s conservative guidance for the upcoming quarter is viewed as a reflection of a cautious but sustainable growth approach, supported by its low beta of 0.52 and consistent dividend payments for 44 consecutive years.Cigna’s stock price target increase at Jefferies reflects a vote of confidence in the company’s ability to maintain its strong performance and deliver value to shareholders. The analyst’s maintained Buy rating suggests that Cigna remains an attractive option for investors looking for stability in the managed care sector. InvestingPro subscribers can access 10+ additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of Cigna’s financial health, valuation metrics, and growth prospects.

Cigna’s Specialty segment’s strong performance has been a key factor in the company’s recent success, contributing to its impressive $255.4 billion in revenue over the last twelve months. The analyst’s commentary indicates that the guidance for the second quarter appears conservative, especially considering it implies that Evernorth’s earnings before tax (EBT) growth is expected to moderate in the second half of the year. Despite this, the analyst’s outlook for Cigna remains positive, supported by the company’s "GREAT" Financial Health Score of 3.01 out of 4 on InvestingPro.

Windley’s endorsement of Cigna as a top "sleep at night" managed care organization (MCO) pick is based on several factors. He cites Cigna’s lower medical loss ratio (MLR) variability, the support of share repurchases, and the company’s relative insulation from legislative and regulatory risks, including those related to pharmacy benefit managers (PBM), as reasons for investor confidence.

The analyst’s commentary underscores the belief that Cigna’s current strategy and market positioning offer a stable investment opportunity, even when compared to peers that may present more upside potential. The company’s conservative guidance for the upcoming quarter is viewed as a reflection of a cautious but sustainable growth approach.

Cigna’s stock price target increase at Jefferies reflects a vote of confidence in the company’s ability to maintain its strong performance and deliver value to shareholders. The analyst’s maintained Buy rating suggests that Cigna remains an attractive option for investors looking for stability in the managed care sector.

In other recent news, Cigna Corp (NYSE:CI) reported its Q1 2025 earnings, surpassing Wall Street expectations with an adjusted earnings per share (EPS) of $6.74, compared to the forecast of $6.35. The company’s revenue also exceeded expectations, reaching $65.5 billion against the anticipated $60.38 billion. Following these results, Cigna raised its full-year 2025 EPS guidance to at least $29.60. Additionally, the company completed the divestiture of its Medicare business to HCSC, aligning with its strategic initiatives. Cigna’s focus on operational efficiency and strategic divestitures has been highlighted as key factors in its strong performance.

Cigna has also launched new solutions in the healthcare sector, including biosimilars and GLP-1 drug management solutions, further enhancing its specialty pharmacy services. Analysts have shown confidence in Cigna’s future prospects, with firms like JPMorgan and UBS taking note of its strategic direction. The market has reacted positively to these developments, reflecting investor confidence in Cigna’s financial health and future growth potential.

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