Healtheon Gets Healthy $50 Target

Shares of Healtheon (Nasdaq: HLTH), which has developed an online information and transaction platform for the health-care industry, gained nearly five percent, rising 1-7/8 to 39-5/8 on Tuesday after the company received a buy rating from U.S. Bancorp Piper Jaffray.

The investment firm gave Healtheon a $50 price target. Healtheon stock has been extremely volatile since the company went public at $8 a share in February. The stock has obviously paid off nicely for anybody who got in at the IPO price, but Healtheon is well off its high of 126-3/16.