Piper Sandler lifts Humana price target to $526 from $463

Piper Sandler raised its price target for Humana Inc. to $526, up from $463, while keeping an Overweight rating. The upgrade follows Humana's third‑quarter 2026 adjusted earnings per share beat of $0.30 and a $0.50 increase to its 2026 guidance. The firm also highlighted a path to $40.45 adjusted EPS in 2028 and expects further Medicare Advantage margin expansion.

The higher target implies a potential 21.3% upside from the recent close, according to Piper Sandler. Investors may reassess Humana's valuation based on the upgraded outlook.

  • 1Piper Sandler raised Humana's price target to $526 from $463.
  • 2Humana posted third‑quarter 2026 adjusted EPS of $0.30, beating expectations.
  • 3Humana increased its calendar‑year 2026 adjusted EPS guidance by $0.50 to at least $9.50.
  • 4Revenue for the quarter was $41.2 billion, above the consensus estimate of $40.9 billion.
  • 5Piper Sandler sees a clear path to $40.45 of adjusted EPS in calendar year 2028.
  • 6The analyst cites a 21.3% upside from the November 6 close after raising the target.

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