10:28 AM EDT, 10/24/2025 (MT Newswires) -- Molina Healthcare ( MOH ) expects downward trends for Medicaid and its Marketplace business to weigh on its 2025 results, with Medicaid margin to continue dropping through 2026, Deutsche Bank said in a Friday note.

The company reported "disappointing" Q3 results, said the investment firm, as its adjusted earnings fell to $1.84 per diluted share from $6.01 a year earlier. Molina Healthcare ( MOH ) also cut its guidance for 2025 adjusted earnings per share to about $14 from $19 previously, Deutsche Bank noted.

Molina Healthcare ( MOH ) attributed about half of the outlook cut to its Marketplace business' utilization trend and about a third to Medicaid rate and trend misalignment, Deutsche Bank said.

In 2026, the company's Marketplace business is expected to recover from a projected negative margin but its contribution will still be limited due to declining price and footprint, the investment firm said.

Deutsche Bank has a hold rating and $165 price target on Molina Healthcare ( MOH ).

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