Ali Ahmed
1 min read
Clover Health Investments, Corp. (NASDAQ:CLOV) is one of the 11 Best US Stocks to Invest in Under $5. On April 8, Canaccord Genuity analyst Richard Close reiterated a “Buy” rating on Clover Health Investments, Corp. (NASDAQ:CLOV) with a price target of $4.50.
According to the analyst, the final rate update is good news for Clover Health Investments, Corp. (NASDAQ:CLOV). Close believes this change will help the company and could also improve the managed care sector’s overall sentiment.
An older Medicare-eligible consumer smiling happily while receiving healthcare services at a clinic.
The company is expected to continue growing strongly in 2025. This growth will also help Clover Health Investments, Corp. (NASDAQ:CLOV) in 2026 as the company benefits from reimbursements tied to having a 4-Star rating.
Canaccord Genuity will be looking at the competitive landscape closely as new plans for 2026 are introduced. Close noted that the positive rate update should improve the outlook for the managed care sector.
Clover Health Investments, Corp. (NASDAQ:CLOV) is an American company that provides Medicare Advantage insurance plans.
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Disclosure: None.
