We recently published Millionaire Makers: 10 Stocks That Paid Off Big Last Week. Brookdale Senior Living Inc. (NYSE:BKD) was one of the top performers last week.
Brookdale Senior Living jumped by 15.83 percent week-on-week, thanks to a combination of strong preliminary earnings results and a 31 percent price target upgrade from an investment firm.
On Friday alone, the stock soared to a nine-year high of $15.06 before paring gains to finish the session just up by 3.45 percent at $15 apiece.
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Earlier in the week, Brookdale Senior Living Inc. (NYSE:BKD) said that it expects to report $3.2 billion in revenues for the full year, representing a 3 percent uptick from the $3.1 billion in 2024.
However, net loss is projected to be wider by 30 percent at $263 million versus $202 million a year earlier, amid a higher non-cash impairment charges of approximately $71 million versus only $8 million in 2024.
Adjusted EBITDA is targeted to increase by 19 percent to $458 million, or end at the midpoint of its previously announced guidance.
For 2026, Brookdale Senior Living Inc. (NYSE:BKD) is targeting to grow its revenue per available room to a range of 8 to 9 percent, while looking at an adjusted EBITDA of $502 million to $516 million.
Following preliminary results, RBC Capital raised its price target for Brookdale Senior Living Inc. (NYSE:BKD) to $17 from $13 previously, while maintaining an “outperform” rating for the stock.
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Disclosure: None. This article is originally published at Insider Monkey.