UNH Stock Just Popped to New 4-Month Highs, But This Analyst Warns UnitedHealth Could Still Fall 20% From Here

Shares of healthcare conglomerate UnitedHealth Group (UNH) have been under pressure this year. Already down 30.3% on a year-to-date (YTD) basis, the company's earnings have missed Street expectations in two out of the three quarterly results that have been released this year. Looking at this, the assertions of TD Cowen analyst Ryan Langston seem logical, as the analyst reiterated a “Hold” rating on the stock. Moreover, the price target of $275 indicates a downturn of about 22% from current levels.

However, the shares' valuations have reached such levels of comfort that they prompted legendary investor Warren Buffett to pick up about 5 million shares of the company for about $1.6 billion.