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Healtheon Gets Healthy $50 Target

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Healtheon Gets Healthy $50 Target

By Andy Wang
E-Commerce Times
10/06/99 12:00 AM PT


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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.

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