
ModivCare (MODV) Stock Forecast & Price Target
ModivCare (MODV) Analyst Ratings
Bulls say
ModivCare Inc. reported a notable increase in the utilization of its non-emergency medical transportation (NEMT) services, rising by 192 basis points to 10.8%, indicating strong demand for its core offerings. The company's personal care segment (PCS) achieved a 3.0% increase in service revenue, with a corresponding rise in revenue per hour, despite a slight decline in total hours. Additionally, the adjusted EBITDA margin improved to 9.4%, benefiting from non-recurring state-based quality incentive payments and reflecting the company's ongoing commitment to operational efficiency and capturing cost savings.
Bears say
ModivCare Inc. is facing significant revenue challenges, particularly within its Non-Emergency Medical Transportation (NEMT) segment, which is projected to experience a top-line decline of approximately 6.7% in 2025 due to a net revenue headwind of $200 million from recent contract attrition. The company reported a decline in adjusted EBITDA for its Remote Patient Monitoring (RPM) segment, which fell to $6.8 million, below expectations and reflecting lower margins of roughly 35.4%. Additionally, the overall NEMT segment saw a slight revenue decline of 0.8% in the latest quarter, coupled with a notable drop in operating margins, which fell around 600 basis points to just over 3% for FY/24, indicating ongoing operational pressures.
This aggregate rating is based on analysts' research of ModivCare and is not a guaranteed prediction by Public.com or investment advice.
ModivCare (MODV) Analyst Forecast & Price Prediction
Start investing in ModivCare (MODV)
Order type
Buy in
Order amount
Est. shares
0 shares