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Allscripts upgraded to Buy at Argus on expanding margins, attractive valuation
The Fly

Allscripts upgraded to Buy at Argus on expanding margins, attractive valuation

Argus analyst David Coleman upgraded Allscripts to Buy from Hold with a $26 price target. The company’s cloud-based solutions have helped to meet the changing needs of patients and healthcare providers during the pandemic, and its increasing margins should continue to benefit from its fast-growing Veradigm business, the analyst tells investors in a research note. Allscripts shares also appear "attractively valued" at current prices near $18, in the lower half of their 52-week range of $13-$23, Coleman adds.

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