GE HealthCare Technologies' Roar Higher Isn't Over Yet

Summary

  • GE HealthCare Technologies is expected to see profits and cash flows rise in 2024, leading to a potential strong upside for the stock.
  • The company's revenue growth was driven by higher prices and increased volume, with the Pharmaceutical Diagnostics segment performing particularly well.
  • Despite bottom-line issues, the stock is attractively priced relative to similar firms and offers the potential for double-digit returns.
  • Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More »

Male patient undergoing MRI scan in medical examination room

izusek

Late last year, after seeing shares drop relative to the S&P 500, I decided to revisit GE HealthCare Technologies (NASDAQ:GEHC), an entity that was previously spun off from industrial conglomerate General Electric (GE

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This article was written by

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Daniel is an avid and active professional investor.

He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham's investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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