Ahead of its first-quarter fiscal 2023 results on Sept.12, White is confident that the exposure to the emerging digital modernization trend will be an excellent growth catalyst, once the recessionary pressures subside.
Despite some foreign exchange headwinds, the analyst expects the company to meet his expectations of earnings of $1.09 per share on $11.48 billion in revenue.runs a risk of not being able to integrate Cerner's business in a financially optimal way, given the current circumstances. However, there shouldn't be much to worry about for long-term investors who can look beyond the turmoil.
"The 2Q:CY22 results across the software and cloud markets had a more cautious tone with some companies outperforming others; however, economic headwinds have yet to result in apocalyptic trends across the board," said White, reiterating a buy rating on the stock with a price target of $113.rank among almost 8,000 analysts tracked on TipRanks. Further, 58% of his ratings have been successful, and they have garnered an average return of 11.2% per rating.