GoHealth shares are declining almost 6% in Thursday's pre-market trading as the online health insurance company incurred a 2Q net loss of $22.9 million after posting net income of $15.3 million in the prior-year period.Meanwhile, GoHealth (GOCO) saw a 71% surge in 2Q revenues to $127.1 million, surpassing Street estimates of $123.98 million. Revenues were driven by strong Medicare Advantage enrollments, the company said. Adjusted EBITDA of $26.9 million rose 56% from the year-ago period.Looking ahead, the company expects 2020 revenues in the range of $840 -890 million, versus the consensus estimate of $860.6 million. Adjusted EBITDA in 2020 is forecast to be in the range of $265 -290 million.GoHealth CEO Clint Jones stated, "Given the trajectory of our business and the investments we have been making in our direct-to-consumer marketplace, we believe we are on track for another record year of results in fiscal 2020."On Aug. 10, RBC Capital analyst Frank Morgan initiated coverage on the stock with a Buy rating and a price target of $22 (15.7% upside potential). Morgan said that the company is the leading DTC (direct-to-consumer) insurance distributor of Medicare Advantage plans and is catering to a "large and underpenetrated market."The analyst pointed out that GoHealth appears to be unaffected by the COVID-19 pandemic or the economic slowdown. He added that the company should emerge as a "key segment leader" given its relationships with insurance carrier customers.” (See GOCO stock analysis on TipRanks).Currently, the Street has a bullish outlook on the stock. The Strong Buy analyst consensus is based on 9 Buys and 1 Hold. The average price target of $23.11 implies an upside potential of about 21.5%.Related News: TJX Shares Drop 7% After Bigger 2Q Loss Target Spikes 12% As Digital Sales Drive Blowout Quarter Jack Henry Shares Dip On Lower FY21 Guidance More recent articles from Smarter Analyst: * Boeing Scores First 737 Aircraft Order This Year From Polish’s Enter Air * Nio Launches Battery Subscription Service To Lower EV Purchase Price * Home Depot vs Lowe’s: Which Stock Looks Stronger After A Stellar Q2? * Progressive Sees EPS Spike 111% In July
