Short Term Price Target on Cerner Corporation (CERN)

Cerner Corporation (NASDAQ:CERN) : 16 investment research analysts covering Cerner Corporation (NASDAQ:CERN) have an average price target of $66.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $77 and the lowest target is $55 for the short term. Analysts expect the variance to be within $6.3 of the average price.

Shares of Cerner Corporation rose by 3.01% in the last five trading days and 5.36% for the last 4 weeks. Cerner Corporation is up 8.36% in the last 3-month period. Year-to-Date the stock performance stands at -2.61%. Also, Equity Analysts at the SunTrust Robinson Humphrey upgrades the rating on Cerner Corporation (NASDAQ:CERN). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 23, 2016.

Cerner Corporation (NASDAQ:CERN) has an average broker rating of 1.19, which is interpreted as a Strong Buy, as rated by 21 equity analysts. Nonetheless, 18 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cerner Corporation (NASDAQ:CERN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.67 and $57.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.60, notching a gain of 1.95% for the day. The total traded volume was 3,063,113 . The stock had closed at $57.48 on the previous day.

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company offers software, hardware, professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Brazil, Canada, Cayman Islands, Chile, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Israel, Malaysia, Mexico, Netherlands, Qatar, Saudi Arabia, Singapore, Spain, Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries, Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.

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