Short Term Price Target on Allscripts Healthcare Solutions (MDRX)

Allscripts Healthcare Solutions (NASDAQ:MDRX) : The consensus price target for Allscripts Healthcare Solutions (NASDAQ:MDRX) is $15.42 for the short term with a standard deviation of $1.68. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $12.

Shares of Allscripts Healthcare Solutions, Inc. appreciated by 0.55% during the last five trading days but lost 7.43% on a 4-week basis. Allscripts Healthcare Solutions, Inc. has dropped 6.34% during the last 3-month period . Year-to-Date the stock performance stands at -17.43%. Also, Citigroup maintains its rating on Allscripts Healthcare Solutions (NASDAQ:MDRX). The global brokerage major raises the current price target from $13 per share to $14 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on May 13, 2016.

Allscripts Healthcare Solutions (NASDAQ:MDRX) : The consensus on Allscripts Healthcare Solutions (NASDAQ:MDRX) based on 22 analyst recommendation on the company stock is 2.07, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Allscripts Healthcare Solutions (NASDAQ:MDRX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.46 and $12.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.70, notching a gain of 1.84% for the day. The total traded volume was 2,750,929 . The stock had closed at $12.47 on the previous day.

Allscripts Healthcare Solutions, Inc. is engaged in engaged in delivering Information Technology (IT) and services. The Company sells its solutions to physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers and post-acute organizations, such as home health and hospice agencies. The Company operates through three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Companys solutions enable healthcare professionals with the data, insights, and connectivity. The Company offers Ambulatory Solutions, Acute Care Solutions, Population Health Management Solutions and services. Ambulatory solutions include Allscripts TouchWorks HER and Allscripts Professional HER, among others. The Companys acute care offers clinical, access, financial, and departmental solutions. The Company designs its population health management solutions for hospitals, health systems, among others.

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