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Pro Medicus Surges After Major Contract Wins and Analyst Upgrades

Pro Medicus has seen a significant boost in market confidence, with Bell Potter upgrading its price target to $260, nearly doubling its previous estimate. The company recently secured a landmark 10-year, $330 million contract with a major U.S. hospital system, reflecting its successful transition to larger public systems. Despite impressive growth figures, including a 30%-40% increase in revenues, concerns about its high valuation persist, prompting some analysts to recommend caution before further investment.
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United States Dollar Pro Medicus Limited AUS Morgan Freeman Michael None
TradFi, Market Report
04:10 05.12.2024
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