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Analysts Offer Insights on Healthcare Companies: PROCEPT BioRobotics (PRCT), American Well (AMWL) and Glaukos (GKOS)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on PROCEPT BioRobotics (PRCTResearch Report), American Well (AMWLResearch Report) and Glaukos (GKOSResearch Report).

PROCEPT BioRobotics (PRCT)

Wells Fargo analyst Nathan Treybeck assigned a Buy rating to PROCEPT BioRobotics yesterday and set a price target of $67.00. The company’s shares closed last Wednesday at $60.61, close to its 52-week high of $63.26.

According to TipRanks.com, Treybeck is a 4-star analyst with an average return of 28.1% and a 78.6% success rate. Treybeck covers the Healthcare sector, focusing on stocks such as Irhythm Technologies, Integer Holdings, and Nevro Corp.

PROCEPT BioRobotics has an analyst consensus of Strong Buy, with a price target consensus of $61.00, representing a 10.9% upside. In a report released yesterday, Leerink Partners also reiterated a Buy rating on the stock with a $64.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

American Well (AMWL)

In a report released today, Craig Hettenbach from Morgan Stanley maintained a Hold rating on American Well, with a price target of $1.00. The company’s shares closed last Wednesday at $0.53, close to its 52-week low of $0.50.

According to TipRanks.com, Hettenbach is ranked #770 out of 8802 analysts.

American Well has an analyst consensus of Hold, with a price target consensus of $1.76.

Glaukos (GKOS)

In a report released yesterday, Larry Biegelsen from Wells Fargo maintained a Buy rating on Glaukos, with a price target of $110.00. The company’s shares closed last Wednesday at $98.91, close to its 52-week high of $103.66.

According to TipRanks.com, Biegelsen is a 5-star analyst with an average return of 9.9% and a 55.8% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, GE Healthcare Technologies Inc, and Bausch + Lomb Corporation.

Glaukos has an analyst consensus of Strong Buy, with a price target consensus of $110.33, implying a 14.6% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $113.00 price target.

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