R1 RCM Updates its 2022 Guidance
<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/RCM'>R1 RCM Inc. (NASDAQ:RCM)</a> following the company’s 2022 guidance update.</p>
<p>The analysts said they are incrementally more positive following the update, and highlighted the following three items: (1) work on the $10 billion contract continues with management now expecting it to be completed potentially within the next couple of weeks, (2) the company's revised 2022 EBITDA target of $470-480 million compares favorably to the analyst's $465-475 million estimate, and (3) while the Q2 guide is approximately $4 million below the Street, it does embed ramping commercial and operational costs as the company invests ahead of new anticipated business. </p>
<p>The analysts said the company remained their top pick and reiterated their outperform rating and $35 price target.</p>

NASDAQ:RCM