Why Oscar Health Stock Was on Fire Thursday

Oscar Health (NYSE: OSCR) was hardly a grouch of a stock on Thursday. The next-generation health insurance company's shares closed more than 16% higher on the day, thanks to a positive research note from a noted investment bank.

Early Thursday morning, Credit Suisse analyst Jonathan Yong assumed coverage on Oscar Health stock. The prognosticator is quite bullish on the company's prospects, as he's tagged it with an outperform (i.e., buy) recommendation at a price target of $34 per share -- nearly double the stock's current level.

Image source: Getty Images.

Continue reading

Source Fool.com