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Analysts Offer Insights on Healthcare Companies: eFFECTOR Therapeutics (EFTR) and Brainsway (BWAY)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on eFFECTOR Therapeutics (EFTRResearch Report) and Brainsway (BWAYResearch Report) with bullish sentiments.

eFFECTOR Therapeutics (EFTR)

In a report released today, Robert Burns from H.C. Wainwright initiated coverage with a Buy rating on eFFECTOR Therapeutics and a price target of $5.00. The company’s shares closed last Wednesday at $0.71.

According to TipRanks.com, Burns has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -32.9% and a 19.0% success rate. Burns covers the Healthcare sector, focusing on stocks such as Black Diamond Therapeutics, Springworks Therapeutics, and Atara Biotherapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for eFFECTOR Therapeutics with a $5.80 average price target, implying a 752.9% upside from current levels. In a report issued on August 10, Stifel Nicolaus also maintained a Buy rating on the stock with a $5.40 price target.

See today’s best-performing stocks on TipRanks >>

Brainsway (BWAY)

In a report released today, Boobalan Pachaiyappan from H.C. Wainwright reiterated a Buy rating on Brainsway, with a price target of $12.00. The company’s shares closed last Wednesday at $3.27.

According to TipRanks.com, Pachaiyappan ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.9% and a 26.1% success rate. Pachaiyappan covers the Healthcare sector, focusing on stocks such as Entrada Therapeutics Inc, Ensysce Biosciences, and Galera Therapeutics.

Currently, the analyst consensus on Brainsway is a Moderate Buy with an average price target of $8.75, which is a 170.1% upside from current levels. In a report issued on August 10, Northland Securities also maintained a Buy rating on the stock with a $5.50 price target.

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