Centene Stock Up 5% After First Loss In 13 Years, Bullish Guidance
1. Centene shares dropped 53% this year due to unexpected losses. 2. The company projects adjusted profit of $1.75 per share for 2025. 3. High medical cost ratio impacted earnings, exceeding Wall Street's expectations. 4. Centene is seeking Medicaid rate increases amid potential $1 trillion Medicaid cuts. 5. Stock must rise 44% to meet the average price target of $42.23.