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Centene (CNC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CNC Stock Forecast

Centene stock forecast is as follows: an average price target of $81.50 (represents a 36.79% upside from CNC’s last price of $59.58) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.

CNC Price Target

The average price target for Centene (CNC) is $81.50 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $91.00 to $72.00. This represents a potential 36.79% upside from CNC's last price of $59.58.

CNC Analyst Ratings

Buy

According to 14 Wall Street analysts, Centene's rating consensus is 'Buy'. The analyst rating breakdown for CNC stock is 0 'Strong Buy' (0.00%), 8 'Buy' (57.14%), 6 'Hold' (42.86%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Centene Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Andrew MokBarclays$91.00$61.6547.61%52.74%
Sep 10, 2024David WindleyJefferies$72.00$71.001.41%20.85%
Sep 05, 2024Andrew MokBarclays$97.00$73.2632.41%62.81%
Jul 11, 2024David WindleyJefferies$83.00$66.3825.04%39.31%
Apr 29, 2024David WindleyJefferies$90.00$73.8321.90%51.06%
Apr 15, 2024Stephen BaxterWells Fargo$93.00$73.0227.36%56.09%
Feb 08, 2023Goldman Sachs$74.00$72.561.98%24.20%
Feb 08, 2023J.P. Morgan$94.00$70.9832.43%57.77%
Feb 08, 2023Barclays$93.00$70.9831.02%56.09%
Jan 06, 2023J.P. Morgan$98.00$78.6624.59%64.48%
Aug 26, 2022Stephen BaxterWells Fargo$99.00$95.733.42%66.16%
Jul 27, 2022Mizuho Securities$92.00$91.580.46%54.41%
Jul 27, 2022Credit Suisse$104.00$91.5513.60%74.56%
Jul 26, 2022David MacDonaldTruist Financial$102.00$91.9310.95%71.20%
Jun 22, 2022Deutsche Bank$91.00$80.8612.54%52.74%
Apr 27, 2022Morgan Stanley$112.00$81.8836.79%87.98%
Jan 05, 2022David S MacdonaldTruist Financial$96.00$79.7920.32%61.13%
Dec 17, 2021Ricky GoldwasserMorgan Stanley$109.00$83.0231.29%82.95%
Dec 14, 2021Nathan RichGoldman Sachs$83.00$81.851.41%39.31%
Dec 13, 2021A.J. RiceCredit Suisse$86.00$78.1510.04%44.34%
Dec 13, 2021Scott FidelStephens$102.00$78.1530.52%71.20%
Dec 13, 2021Michael WiederhornOppenheimer$95.00$78.1521.56%59.45%
Dec 13, 2021Kevin FischbeckBank of America Securities$93.00$78.1519.00%56.09%
Dec 13, 2021Justin LakeWolfe Research$80.00$78.152.37%34.27%
Jul 27, 2021Michael NewshelEvercore ISI$88.00$70.4724.88%47.70%

The latest Centene stock forecast, released on Oct 29, 2024 by Andrew Mok from Barclays, set a price target of $91.00, which represents a 47.61% increase from the stock price at the time of the forecast ($61.65), and a 52.74% increase from CNC last price ($59.58).

Centene Price Target by Period

1M3M12M
# Anlaysts-16
Avg Price Target-$91.00$87.67
Last Closing Price$59.58$59.58$59.58
Upside/Downside-100.00%52.74%47.15%

In the current month, the average price target of Centene stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Centene's last price of $59.58. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024BarclaysOverweightOverweightHold
Sep 10, 2024JefferiesHoldHoldHold
Sep 05, 2024BarclaysOverweightOverweightHold
Aug 22, 2024BarclaysEqual-WeightEqual-WeightHold
Aug 19, 2024Wells FargoBuyBuyHold
Aug 05, 2024Wells FargoOverweightOverweightHold
Jul 29, 2024Wells FargoBuyBuyHold
Jul 24, 2024Cowen & Co.BuyBuyHold
Jul 24, 2024JefferiesBuyHoldDowngrade
Jul 11, 2024JefferiesBuyBuyHold
Jun 21, 2024Wells FargoEqual-WeightEqual-WeightHold
Jun 21, 2024OppenheimerOutperformOutperformHold
May 30, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 30, 2024Deutsche BankHoldHoldHold
Apr 29, 2024JefferiesBuyBuyHold
Apr 15, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 15, 2024Wells FargoOverweightOverweightHold
Mar 25, 2024StephensEqual-WeightDowngrade
Sep 05, 2023Craig-HallumBuyInitialise
Sep 05, 2023BNP ParibasOutperformInitialise
Sep 05, 2023Bank of America SecuritiesNeutralUpgrade
Mar 21, 2023Wells FargoEqual-WeightEqual-WeightHold
Mar 08, 2023Deutsche BankBuyHoldDowngrade
Feb 24, 2023J.P. MorganNeutralDowngrade
Feb 08, 2023Goldman SachsNeutralNeutralHold
Feb 08, 2023BarclaysOverweightOverweightHold
Aug 26, 2022Wells FargoOverweightDowngrade
Jul 27, 2022Credit SuisseOutperformOutperformHold
Jul 14, 2022JefferiesBuyUpgrade
Jun 22, 2022Deutsche BankBuyBuyHold
Jun 21, 2022Credit SuisseOutperformUpgrade
Apr 27, 2022Morgan StanleyOverweightOverweightHold

Centene's last stock rating was published by Barclays on Oct 29, 2024. The company gave CNC a "Overweight" rating, the same as its previous rate.

Centene Financial Forecast

Centene Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$39.46B-$37.61B$38.89B$35.56B$35.87B$35.94B$37.19B$32.57B$32.41B$31.02B$29.98B$28.29B$29.09B
Avg Forecast$77.83B$74.23B$70.79B$67.51B$43.28B$44.37B$43.06B$43.93B$42.09B$42.71B$42.28B$41.94B$39.27B$37.93B$36.83B$36.43B$36.14B$36.24B$36.56B$36.14B$35.40B$35.50B$35.56B$34.52B$32.50B$31.62B$30.19B$29.49B$28.32B$28.25B
High Forecast$81.72B$77.94B$74.33B$70.89B$45.44B$46.58B$45.21B$46.13B$44.20B$44.85B$44.39B$43.68B$41.36B$37.99B$36.83B$36.43B$37.20B$37.31B$38.38B$37.94B$37.16B$36.05B$36.11B$35.06B$33.00B$32.11B$30.66B$29.95B$28.76B$28.69B
Low Forecast$73.66B$70.24B$66.99B$63.89B$40.96B$41.99B$40.75B$41.57B$39.83B$40.42B$40.01B$40.67B$38.54B$37.87B$36.83B$36.43B$35.55B$35.73B$34.60B$34.20B$33.50B$34.67B$34.72B$33.71B$31.74B$30.88B$29.48B$28.80B$27.66B$27.59B
# Analysts63333345452794336136655511121110998
Surprise %----------------1.09%-1.03%1.08%1.00%1.01%1.01%1.08%1.00%1.02%1.03%1.02%1.00%1.03%

Centene's average Quarter revenue forecast for Mar 24 based on 3 analysts is $36.43B, with a low forecast of $36.43B, and a high forecast of $36.43B. CNC's average Quarter revenue forecast represents a -7.67% decrease compared to the company's last Quarter revenue of $39.46B (Dec 23).

Centene EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts63333345452794336136655511121110998
EBITDA----------------$-194.00M-$1.17B$1.58B$649.00M$1.16B$1.72B$1.64B$1.24B$1.27B$-23.00M$1.47B$453.00M$1.26B
Avg Forecast$2.75B$2.62B$2.50B$2.39B$1.53B$1.57B$1.52B$1.55B$1.49B$1.51B$1.49B$1.48B$1.39B$1.34B$1.30B$1.87B$1.28B$1.28B$1.29B$1.70B$1.32B$1.20B$1.20B$1.54B$1.09B$1.06B$1.02B$1.44B$953.75M$951.27M
High Forecast$2.89B$2.76B$2.63B$2.51B$1.61B$1.65B$1.60B$1.63B$1.56B$1.59B$1.57B$1.54B$1.46B$1.34B$1.30B$2.24B$1.32B$1.32B$1.36B$2.04B$1.59B$1.21B$1.22B$1.85B$1.11B$1.08B$1.03B$1.72B$968.59M$966.06M
Low Forecast$2.60B$2.48B$2.37B$2.26B$1.45B$1.48B$1.44B$1.47B$1.41B$1.43B$1.41B$1.44B$1.36B$1.34B$1.30B$1.49B$1.26B$1.26B$1.22B$1.36B$1.06B$1.17B$1.17B$1.23B$1.07B$1.04B$992.81M$1.15B$931.37M$928.94M
Surprise %-----------------0.15%-0.91%0.93%0.49%0.97%1.43%1.06%1.13%1.20%-0.02%1.03%0.47%1.32%

13 analysts predict CNC's average Quarter EBITDA for Sep 23 to be $1.28B, with a high of $1.32B and a low of $1.26B. This is 9.42% upper than Centene's previous annual EBITDA (Jun 23) of $1.17B.

Centene Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts63333345452794336136655511121110998
Net Income----------------$45.00M-$1.06B$1.13B$-219.00M$738.00M$-171.00M$849.00M$593.00M$584.00M$-535.00M$699.00M$-12.00M$568.00M
Avg Forecast$471.55M$1.04B$1.22B$1.07B$534.45M$1.15B$1.29B$1.28B$421.14M$982.93M$1.17B$1.16B$240.48M$709.25M$1.11B$935.57M$219.90M$811.45M$1.07B$850.52M$638.73M$654.81M$848.74M$773.20M$518.25M$660.28M$643.37M$681.42M$249.66M$511.30M
High Forecast$502.20M$1.11B$1.30B$1.14B$569.18M$1.22B$1.38B$1.36B$448.51M$1.05B$1.25B$1.22B$278.95M$755.35M$1.11B$1.12B$271.04M$930.33M$1.14B$1.02B$766.48M$664.87M$865.90M$927.84M$528.73M$660.61M$656.38M$817.70M$254.70M$521.64M
Low Forecast$438.67M$969.52M$1.13B$997.77M$497.17M$1.07B$1.20B$1.19B$391.76M$914.37M$1.09B$996.75M$211.62M$659.78M$1.11B$748.45M$194.33M$651.23M$999.21M$680.41M$510.98M$644.76M$822.85M$618.56M$502.44M$659.94M$623.74M$545.13M$242.04M$495.70M
Surprise %----------------0.20%-0.98%1.33%-0.34%1.13%-0.20%1.10%1.14%0.88%-0.83%1.03%-0.05%1.11%

Centene's average Quarter net income forecast for Mar 24 is $935.57M, with a range of $748.45M to $1.12B. CNC's average Quarter net income forecast represents a 1979.04% increase compared to the company's last Quarter net income of $45.00M (Dec 23).

Centene SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts63333345452794336136655511121110998
SG&A----------------$3.49B-$3.02B$3.01B$3.20B$2.85B$2.80B$2.75B$2.84B$2.68B$2.27B$2.37B$3.10B$2.88B
Avg Forecast$6.73B$6.41B$6.12B$5.83B$3.74B$3.83B$3.72B$3.80B$3.64B$3.69B$3.65B$3.62B$3.39B$3.28B$3.18B$3.02B$3.12B$3.13B$3.16B$2.75B$3.03B$3.07B$3.07B$2.50B$2.81B$2.73B$2.61B$2.31B$2.45B$2.44B
High Forecast$7.06B$6.73B$6.42B$6.13B$3.93B$4.03B$3.91B$3.99B$3.82B$3.88B$3.84B$3.77B$3.57B$3.28B$3.18B$3.63B$3.21B$3.22B$3.32B$3.30B$3.64B$3.12B$3.12B$3.00B$2.85B$2.77B$2.65B$2.77B$2.49B$2.48B
Low Forecast$6.36B$6.07B$5.79B$5.52B$3.54B$3.63B$3.52B$3.59B$3.44B$3.49B$3.46B$3.51B$3.33B$3.27B$3.18B$2.42B$3.07B$3.09B$2.99B$2.20B$2.42B$3.00B$3.00B$2.00B$2.74B$2.67B$2.55B$1.85B$2.39B$2.38B
Surprise %----------------1.12%-0.95%1.09%1.06%0.93%0.91%1.10%1.01%0.98%0.87%1.03%1.27%1.18%

Centene's average Quarter SG&A projection for Mar 24 is $3.02B, based on 3 Wall Street analysts, with a range of $2.42B to $3.63B. The forecast indicates a -13.28% fall compared to CNC last annual SG&A of $3.49B (Dec 23).

Centene EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts63333345452794336136655511121110998
EPS----------------$0.08--$2.05$-0.39$1.29$-0.29$1.46$1.02$1.00$-0.92$1.20$-0.02$0.98
Avg Forecast$0.90$1.99$2.33$2.05$1.02$2.20$2.47$2.45$0.80$1.88$2.23$2.22$0.46$1.35$2.12$2.06$0.42$1.55$2.05$2.00$0.82$1.23$1.60$1.68$0.98$1.24$1.21$1.50$0.47$0.96
High Forecast$0.96$2.12$2.48$2.18$1.09$2.34$2.63$2.60$0.86$2.00$2.38$2.33$0.53$1.44$2.12$2.06$0.52$1.78$2.18$2.13$0.87$1.25$1.63$1.72$1.00$1.24$1.24$1.53$0.48$0.98
Low Forecast$0.84$1.85$2.17$1.91$0.95$2.04$2.30$2.27$0.75$1.75$2.08$1.90$0.40$1.26$2.12$2.06$0.37$1.24$1.91$1.86$0.76$1.21$1.55$1.63$0.95$1.24$1.18$1.46$0.46$0.93
Surprise %----------------0.20%-0.00%1.02%-0.48%1.05%-0.18%0.87%1.04%0.80%-0.76%0.80%-0.04%1.02%

According to 3 Wall Street analysts, Centene's projected average Quarter EPS for Mar 24 is $2.06, with a low estimate of $2.06 and a high estimate of $2.06. This represents a 2351.18% increase compared to CNC previous annual EPS of $0.08 (Dec 23).

Centene Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OSCROscar Health$13.50$28.00107.41%Buy
CVSCVS Health$44.04$73.5066.89%Buy
CICigna$265.59$400.0050.61%Buy
ELVElevance Health$366.30$542.1448.00%Buy
CNCCentene$57.81$81.5040.98%Buy
UNHUnitedHealth Group$485.52$618.7527.44%Buy
HUMHumana$233.89$292.1324.90%Hold
MOHMolina Healthcare$291.78$347.0018.93%Hold
ALHCAlignment Healthcare$10.83$10.00-7.66%Buy

CNC Forecast FAQ

Is Centene a good buy?

Yes, according to 14 Wall Street analysts, Centene (CNC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 57.14% of CNC's total ratings.

What is CNC's price target?

Centene (CNC) average price target is $81.5 with a range of $72 to $91, implying a 36.79% from its last price of $59.58. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Centene stock go up soon?

According to Wall Street analysts' prediction for CNC stock, the company can go up by 36.79% (from the last price of $59.58 to the average price target of $81.5), up by 52.74% based on the highest stock price target, and up by 20.85% based on the lowest stock price target.

Can Centene stock reach $90?

CNC's highest twelve months analyst stock price target of $91 supports the claim that Centene can reach $90 in the near future.

What are Centene's analysts' financial forecasts?

Centene's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $174.64B (high $183.37B, low $165.27B), average EBITDA is $6.17B (high $6.48B, low $5.84B), average net income is $4.26B (high $4.54B, low $3.96B), average SG&A $15.09B (high $15.85B, low $14.28B), and average EPS is $8.14 (high $8.66, low $7.57). CNC's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $290.36B (high $304.88B, low $274.78B), average EBITDA is $10.27B (high $10.78B, low $9.71B), average net income is $3.81B (high $4.05B, low $3.54B), average SG&A $25.09B (high $26.34B, low $23.74B), and average EPS is $7.27 (high $7.74, low $6.76).

Did the CNC's actual financial results beat the analysts' financial forecasts?

Based on Centene's last annual report (Dec 2023), the company's revenue was $154B, beating the average analysts forecast of $145.08B by 6.15%. Apple's EBITDA was $2.93B, missing the average prediction of $5.55B by -47.20%. The company's net income was $2.7B, missing the average estimation of $2.96B by -8.59%. Apple's SG&A was $12.56B, beating the average forecast of $12.16B by 3.28%. Lastly, the company's EPS was $4.97, missing the average prediction of $6.02 by -17.47%. In terms of the last quarterly report (Dec 2023), Centene's revenue was $39.46B, beating the average analysts' forecast of $36.14B by 9.17%. The company's EBITDA was $-194M, missing the average prediction of $1.28B by -115.18%. Centene's net income was $45M, missing the average estimation of $219.9M by -79.54%. The company's SG&A was $3.49B, beating the average forecast of $3.12B by 11.68%. Lastly, the company's EPS was $0.0842, missing the average prediction of $0.42 by -79.95%