Anthem has big goals to increase its health insurance membership, expand profitable dental and vision plans, and develop new businesses, making it one of the top stocks for 2020, Barron's said.
Anthem consists of for-profit Blue Cross plans across 14 states. Barron's credited Anthem's CEO Gail Boudreaux with shaking "up a sleepy corporate culture" and setting "ambitious financial targets," like a 12-15 percent increase in annual earnings.
"Every time I look at it, I see new sources of earnings growth," Adam Seessel, founder of investment firm Gravity Capital Management and a longtime stockholder, told Barron's. He predicts the stock could hit $450 in the coming years. The stock is currently around $303.