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Analysts Offer Insights on Healthcare Companies: Viridian Therapeutics (VRDN), OmniAb (OABI) and Vericel (VCEL)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Viridian Therapeutics (VRDNResearch Report), OmniAb (OABIResearch Report) and Vericel (VCELResearch Report) with bullish sentiments.

Viridian Therapeutics (VRDN)

Leerink Partners analyst Thomas Smith maintained a Buy rating on Viridian Therapeutics on March 20. The company’s shares closed last Friday at $18.01.

According to TipRanks.com, Smith is a top 100 analyst with an average return of 41.4% and a 49.9% success rate. Smith covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, Madrigal Pharmaceuticals, and Abivax SA Sponsored ADR.

Currently, the analyst consensus on Viridian Therapeutics is a Strong Buy with an average price target of $36.82, implying a 97.0% upside from current levels. In a report issued on March 20, Needham also maintained a Buy rating on the stock with a $30.00 price target.

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

OmniAb (OABI)

In a report issued on March 20, Puneet Souda from Leerink Partners maintained a Buy rating on OmniAb, with a price target of $11.00. The company’s shares closed last Friday at $5.13.

According to TipRanks.com, Souda has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.5% and a 38.5% success rate. Souda covers the Healthcare sector, focusing on stocks such as AbCellera Biologics, Castle Biosciences, and Twist Bioscience.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for OmniAb with a $9.71 average price target, representing an 88.9% upside. In a report issued on March 21, Stifel Nicolaus also maintained a Buy rating on the stock with a $11.00 price target.

Vericel (VCEL)

Leerink Partners analyst Mike Kratky reiterated a Buy rating on Vericel on March 21 and set a price target of $51.00. The company’s shares closed last Friday at $46.90, close to its 52-week high of $50.09.

According to TipRanks.com, Kratky is a 4-star analyst with an average return of 13.2% and a 56.3% success rate. Kratky covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Edwards Lifesciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vericel with a $51.68 average price target.

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