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Analysts Are Bullish on Top Healthcare Stocks: ACADIA Pharmaceuticals (ACAD), Alector (ALEC)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on ACADIA Pharmaceuticals (ACADResearch Report) and Alector (ALECResearch Report) with bullish sentiments.

ACADIA Pharmaceuticals (ACAD)

In a report released today, Jason Butler from JMP Securities reiterated a Buy rating on ACADIA Pharmaceuticals, with a price target of $23.00. The company’s shares closed last Monday at $17.73.

According to TipRanks.com, Butler is a 1-star analyst with an average return of -2.0% and a 42.3% success rate. Butler covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, Aquestive Therapeutics, and Syros Pharmaceuticals.

ACADIA Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $19.40.

See the top stocks recommended by analysts >>

Alector (ALEC)

Mizuho Securities analyst Graig Suvannavejh reiterated a Buy rating on Alector today and set a price target of $15.00. The company’s shares closed last Monday at $9.92, close to its 52-week low of $7.50.

According to TipRanks.com, Suvannavejh is a 2-star analyst with an average return of -0.4% and a 47.7% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, Harmony Biosciences Holdings, and Intra-Cellular Therapies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alector with a $22.00 average price target.

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