Bears are Losing Control Over Definitive Healthcare (DH), Here's Why It's a 'Buy' Now

Core Viewpoint - Definitive Healthcare Corp. (DH) has experienced a significant downtrend, losing 24.3% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with the formation characterized by a small candle body and a long lower wick, suggesting that bears may be losing control [3][4]. - This pattern typically occurs during a downtrend, where the stock opens lower, makes a new low, but then finds support and closes near its opening price, indicating potential buying interest [3][4]. Fundamental Analysis - Recent upward revisions in earnings estimates for DH serve as a bullish indicator, correlating strongly with near-term stock price movements [6]. - The consensus EPS estimate for the current year has increased by 70.2% over the last 30 days, reflecting analysts' optimism about the company's earnings potential [7]. - DH holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [8].