RadNet (RDNT) shares surged 5.08% intraday on Wednesday, driven by Barclays' bullish stance on the medical imaging company.
Barclays analyst Andrew Mok CFA maintained a Buy rating on RadNet and set a price target of $74.00. This positive outlook from the analyst appears to be fueling the stock's rally.
RadNet has been viewed favorably by analysts due to its strong growth prospects and leadership position in the outpatient imaging services market. The company is expected to benefit from increasing demand for diagnostic imaging procedures as the population ages.
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