Raymond James starts RadNet coverage with Strong Buy for RadNet stock

Published on 10/02/2026 at 05:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 25.00 percent to USD 622.70 million in the second quarter of 2026. RadNet stock stands 21.13 percent below USD 85.84 on October 1, 2026.

RDNT, US7504911022, Illustration mit AI erstellt.

RadNet (ISIN US7504911022) drew a Strong Buy initiation from Raymond James on September 28, 2026, with a USD 95.00 price target, according to Investing.com. The target places the analyst view above the Nasdaq price of USD 67.70 on October 1, 2026, while the company continues to expand both imaging services and digital health.

Coverage follows stronger revenue

Yahoo Finance reported that RadNet generated USD 622.70 million of revenue in the second quarter of 2026, a 25.00 percent increase from USD 498.20 million in the second quarter of 2025. The same report said adjusted earnings per share fell to USD 0.29 from USD 0.34 over the comparable period.

The revenue increase came with a sharper operating contribution from digital health. Revenue in that segment rose 56.50 percent year over year to USD 32.40 million in the second quarter of 2026, while annual recurring revenue climbed from USD 53.50 million to USD 105.50 million, according to Yahoo Finance.

Guidance raises the bar

RadNet raised its fiscal 2026 Imaging Center revenue guidance to USD 2.37 billion to USD 2.42 billion and adjusted EBITDA guidance to USD 345.00 million to USD 358.00 million. The company also reported quarterly adjusted EBITDA of USD 99.70 million, up 22.70 percent year over year, according to Investing.com.

The numbers create a clear trade-off in the story: revenue and recurring digital health income are accelerating, while adjusted earnings per share declined year over year. Raymond James also cited potential site-neutral payment policies and a health-system joint venture as elements supporting its coverage view, according to Investing.com.

Nasdaq valuation remains below high

RadNet was last at USD 67.70 on Nasdaq on October 1, 2026 at 4:00 p.m. ET. The price stood 21.13 percent below the USD 85.84 52-week high and 33.21 percent above the USD 50.82 52-week low, while market capitalization was USD 5.3 billion on the same date.

RadNet's investor-relations page identifies the company as NASDAQ: RDNT and describes its imaging and DeepHealth operations, including the technology platform supporting radiology services: RadNet.