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In a remarkable display of market confidence, Alignment Healthcare LLC (ALHC), a $3.1 billion healthcare company, has surged to a 52-week high, reaching a price level of $16.27. This milestone underscores a period of significant growth for the healthcare company, which has seen its stock value skyrocket by an impressive 224.09% over the past year, supported by robust revenue growth of 48.25%. Investors have rallied behind ALHC, buoyed by the company’s strategic initiatives and strong performance in the competitive healthcare sector, propelling the stock to new heights and marking a period of exceptional shareholder returns. InvestingPro analysis reveals 10+ additional investment insights for ALHC, including detailed profitability metrics and growth indicators.
In other recent news, Alignment Healthcare has reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an EPS of -0.16, compared to the forecast of -0.18, and revenue reaching $701.2 million against the expected $674.97 million. The company’s total revenue for 2024 was $2.7 billion, marking a 48% increase year-over-year, with its first year of adjusted EBITDA profitability. Piper Sandler has raised its price target for Alignment Healthcare to $21, maintaining an Overweight rating, citing the company’s scalable business model and high Star Ratings as key factors for growth. Similarly, Raymond (NSE:RYMD) James increased its price target to $19 and reiterated a Strong Buy rating, highlighting the company’s robust performance in membership growth and medical loss ratio improvements.
Alignment Healthcare’s membership grew by 59% in 2024, with significant expansion outside California, notably in Nevada. Looking ahead to 2025, the company has provided revenue guidance between $3.72 billion and $3.78 billion, with adjusted gross profit expected to range from $415 million to $445 million. The company also anticipates Health Plan Membership to reach between 227,000 and 233,000 members by the end of 2025. Analysts from Raymond James noted the company’s potential for 20% annual growth, emphasizing its clinical model and operational scale.
These developments reflect Alignment Healthcare’s strategic focus on expanding its Medicare Advantage offerings and enhancing patient engagement across various states. The company’s strong performance and positive outlook have been recognized by analysts, who have adjusted their price targets and ratings accordingly.
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