Jun. 30 at 1:55 PM
$EVH Truist downgraded to Hold based on Medicaid fear, but they are missing the point and overlooking even upsides with regulatory change 🤦♂️
🚀 Huge Tailwinds: CMS Prior Authorization rules forcing insurers to automate by 2027. This plays directly into EVH’s AI tech (Machinify Auth)!
📥Strong Pipeline: Over
$750M in recent new business won +
$650M+ still in the pipeline. Highmark onboarding is on track.
📊 Valuation: The stock is heavily oversold. 2026 EBITDA guidance confirmed (
$125M midpoint), beating original consensus. Truist's
$7 target is way too conservative. True DCF value is much higher. Hard to stay bearish here. Bullish! 🐂
Thanks for the dip!
