Athenahealth Gets a Hold Rating from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst David Grossman maintained a Hold rating on Athenahealth (NASDAQ: ATHN) today and set a price target of $140. The company’s shares closed yesterday at $147.33.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 18.5% and a 70.4% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, Epam Systems Inc, and Infosys Limited.

Currently, the analyst consensus on Athenahealth is a Moderate Buy with an average price target of $159.46, which is an 8.2% upside from current levels. In a report released yesterday, Cantor Fitzgerald also reiterated a Hold rating on the stock with a $145 price target.

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The company has a one-year high of $163.94 and a one-year low of $111.61. Currently, Athenahealth has an average volume of 471.1K.

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athenahealth, Inc. engages in the provision of cloud-based business services and mobile applications for medical groups and health systems. It offers network-based medical record, revenue cycle, patient engagement, care coordination, population health services, and other point-of-care mobile applications.