CERN - Cerner: Underwhelming Growth Targets Warrant Investor Caution
Though Cerner (CERN) continues to solidify its market leadership in the global electronic health record ((EHR)) market, its growth potential appears to be limited from here. Bulls may point to the strategic growth initiatives in the pipeline; however, the lower long-term organic growth guide is a key concern, especially amid a more challenging hospital environment. At ~17x fwd earnings, I struggle to see the upside from here.
Unveiling The Strategic Growth Opportunity
In the latest iteration of its strategic growth plan, Cerner has singled out six growth initiatives - Data-as-a–service, Health Network, Workforce