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Investing.com - Raymond James raised its price target on RadNet (NASDAQ:RDNT) to $75.00 from $66.00 while maintaining a Strong Buy rating following better-than-expected second-quarter earnings. The stock has already shown strong momentum, surging 20% in the past week. According to InvestingPro data, analysts maintain a highly bullish consensus with price targets ranging from $60 to $80.
The medical imaging company reported adjusted EBITDA of $81.2 million, exceeding analyst expectations of $77.4 million. Management raised its adjusted EBITDA guidance by $3 million to a range of $286-296 million, with the increase coming entirely from the core imaging segment while digital health guidance remained unchanged. With a market capitalization of $4.89 billion and trailing twelve-month EBITDA of $226.32 million, RadNet has demonstrated solid operational execution. InvestingPro analysis indicates the company’s overall financial health score is "GOOD," with particularly strong momentum metrics.
RadNet posted same-store revenue growth of 4.4% in its imaging centers, with total revenue increasing 9.9% and EBITDA growing 12.7%. The growth was driven by same-store increases of 6.6% in MRIs, 5.9% in CT scans, and 16.2% in PET/CTs.
The company provided an update on 2026 Medicare pricing, which is expected to create a $4-5 million tailwind to 2026 EBITDA. This represents a positive shift from previous expectations of a $6-8 million headwind, resulting in a $10-13 million swing in EBITDA estimates.
RadNet currently spends over $60 million annually on its call center, and the continued roll-out of DeepHealth OS could potentially generate significant savings on this expense.
In other recent news, RadNet Inc. reported strong financial results for the second quarter of 2025, with earnings per share (EPS) more than doubling analyst forecasts. The company’s revenue also surpassed expectations, marking a significant achievement for the quarter. These results contributed to a positive market reaction. While the earnings and revenue figures were the primary focus, the company did not announce any mergers or acquisitions during this period. Additionally, there were no recent reports of analyst upgrades or downgrades for RadNet Inc. Other company-specific news was not highlighted in this update. These developments reflect RadNet Inc.’s current financial performance and market position.
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