.August 21, 2024 12:02 PM

Premier, Inc. (NASDAQ:PINC) saw a 1% drop in shares today after Piper Sandler analysts cut their price target to $21 from $22, maintaining a Neutral rating. The company exceeded expectations in Q4 2024, but FY 2025 guidance disappointed, despite changes in GPO accounting. With a new CFO joining in November, Premier is seen as a business in transition. Analysts predict continued EBITDA pressure through FY 2026, even with recent wins like AllSpire. Looking forward, estimates have been adjusted for FY 2026, with a slightly increased valuation multiple of 10x, showing optimism for share-back rate stabilization.