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Analysts Offer Insights on Healthcare Companies: Vertex (VERX) and Cabaletta Bio (CABA)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Vertex (VERXResearch Report) and Cabaletta Bio (CABAResearch Report) with bullish sentiments.

Vertex (VERX)

Goldman Sachs analyst Adam Hotchkiss maintained a Buy rating on Vertex today and set a price target of $33.00. The company’s shares closed last Thursday at $27.11.

According to TipRanks.com, Hotchkiss is a 3-star analyst with an average return of 6.7% and a 58.8% success rate. Hotchkiss covers the Technology sector, focusing on stocks such as E2open Parent Holdings, Workiva, and Zuora.

Currently, the analyst consensus on Vertex is a Strong Buy with an average price target of $28.50, which is a 25.9% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $35.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Cabaletta Bio (CABA)

TD Cowen analyst Phil Nadeau maintained a Buy rating on Cabaletta Bio today. The company’s shares closed last Thursday at $17.52, close to its 52-week high of $19.34.

According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 12.7% and a 48.7% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, BioMarin Pharmaceutical, and Syndax Pharmaceuticals.

Currently, the analyst consensus on Cabaletta Bio is a Strong Buy with an average price target of $29.50, implying a 70.4% upside from current levels. In a report issued on November 7, H.C. Wainwright also maintained a Buy rating on the stock with a $17.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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