Do Analysts Expect Multiplan Corp (MPLN) Stock to Rise After It Is Lower By -22.94% in a Month?

InvestorsObserver is giving Multiplan Corp (MPLN) an Analyst Rating Rank of 5, meaning MPLN is ranked higher by analysts than 5% of stocks. The average price target for MPLN is $1.625 and analyst’s rate the stock as a Hold.

Wall Street analysts are rating MPLN a Hold today. Find out what this means to you and get the rest of the rankings on MPLN!

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Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Multiplan Corp Stock Today?

Multiplan Corp (MPLN) stock is trading at $1.31 as of 1:12 PM on Monday, Nov 13, a loss of -$0.09, or -6.09% from the previous closing price of $1.40. The stock has traded between $1.31 and $1.37 so far today. Volume today is less active than usual. So far 325,047 shares have traded compared to average volume of 857,270 shares. Click Here to get the full Stock Report for Multiplan Corp stock.