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Investing.com - RBC Capital initiated coverage on VitalHub (TSX:VHI) with an Outperform rating and a price target of C$15.00 on Monday.
The Toronto-based healthcare technology company specializes in patient flow solutions and has demonstrated consistent execution of its merger and acquisition strategy, according to RBC Capital.
RBC noted that VitalHub has maintained "Rule of 40" performance on an organic basis, a benchmark indicating that a company’s combined revenue growth rate and profit margin exceed 40%.
The investment firm cited VitalHub’s deep domain expertise and large database of potential acquisition targets as key strengths supporting its positive outlook on the stock.
RBC Capital believes VitalHub is well positioned to sustain double-digit growth, supported by secular tailwinds in the patient flow solutions sector.
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