Performant Healthcare, Inc. Price & Performance (PHLT)

Performant Healthcare Inc. revealed an 8% increase in total revenue for 2024, reaching $122.981 million, driven by healthcare services. However, operational losses widened by 55% to $9.5 million due to rising expenses. The company plans to expand its service offerings and leverage technology to boost efficiency in the competitive healthcare market.12

Performant Healthcare forecasts 2025 revenues between $131 million and $135 million, with adjusted EBITDA expected to nearly double. The company’s transition to a healthcare-focused entity, alongside investments in AI and technology, positions it for growth. New contracts and expanding commercial implementations are key to its optimistic projections.23

Alignment Healthcare has received mostly bullish ratings, with analysts projecting a 12-month price target averaging $16.75. Recent upgrades reflect confidence in the company’s performance, marking a 9.84% increase in price target expectations. Analysts highlight its potential growth in the evolving healthcare sector.4