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Analysts Offer Insights on Healthcare Companies: Acrivon Therapeutics, Inc. (ACRV), Arcutis Biotherapeutics (ARQT) and TruBridge (TBRG)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Acrivon Therapeutics, Inc. (ACRVResearch Report), Arcutis Biotherapeutics (ARQTResearch Report) and TruBridge (TBRGResearch Report) with bullish sentiments.

Acrivon Therapeutics, Inc. (ACRV)

In a report released yesterday, Marc Frahm from TD Cowen maintained a Buy rating on Acrivon Therapeutics, Inc.. The company’s shares closed last Tuesday at $8.36.

According to TipRanks.com, Frahm is a 5-star analyst with an average return of 28.2% and a 51.7% success rate. Frahm covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Black Diamond Therapeutics, and Adaptimmune Therapeutics.

Currently, the analyst consensus on Acrivon Therapeutics, Inc. is a Strong Buy with an average price target of $23.00, which is a 176.4% upside from current levels. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $22.00 price target.

See the top stocks recommended by analysts >>

Arcutis Biotherapeutics (ARQT)

TD Cowen analyst Tyler Van Buren maintained a Buy rating on Arcutis Biotherapeutics yesterday and set a price target of $20.00. The company’s shares closed last Tuesday at $8.13.

According to TipRanks.com, Buren is a 3-star analyst with an average return of 0.9% and a 43.6% success rate. Buren covers the Healthcare sector, focusing on stocks such as Apogee Therapeutics, Inc., Zentalis Pharmaceuticals, and EyePoint Pharmaceuticals.

Currently, the analyst consensus on Arcutis Biotherapeutics is a Moderate Buy with an average price target of $16.40, representing a 101.5% upside. In a report issued on May 3, Mizuho Securities also maintained a Buy rating on the stock with a $17.00 price target.

TruBridge (TBRG)

RBC Capital analyst Sean Dodge maintained a Buy rating on TruBridge on May 10 and set a price target of $13.00. The company’s shares closed last Tuesday at $8.80, close to its 52-week low of $7.55.

According to TipRanks.com, Dodge has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.5% and a 37.7% success rate. Dodge covers the Healthcare sector, focusing on stocks such as Privia Health Group, Healthcare Services, and Avid Bioservices.

Currently, the analyst consensus on TruBridge is a Moderate Buy with an average price target of $11.50.

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