Privia Health initiated with an Outperform at Evercore ISI

Evercore ISI analyst Elizabeth Anderson initiated coverage of Privia Health with an Outperform rating and $34 price target. The provider enablement space has “seen its fair share of highflyers and fallen angels,” but Privia stands out as “a slow and steady race winner” and one of the few care platforms serving providers across the spectrum for their entire patient panel, the analyst tells investors. The firm contends Privia is “a reliable performer that ain’t going nowhere, so you can get to know them.”