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Analysts Offer Insights on Healthcare Companies: Armata Pharmaceuticals (ARMP) and Clearside Biomedical (CLSD)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Armata Pharmaceuticals (ARMPResearch Report) and Clearside Biomedical (CLSDResearch Report) with bullish sentiments.

Armata Pharmaceuticals (ARMP)

Ladenburg Thalmann & Co. analyst Michael Higgins maintained a Buy rating on Armata Pharmaceuticals today and set a price target of $9.00. The company’s shares closed last Wednesday at $3.28, close to its 52-week low of $2.82.

According to TipRanks.com, Higgins is a 3-star analyst with an average return of 2.9% and a 28.6% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Eiger Biopharmaceuticals, Zynerba Pharmaceuticals, and Rhythm Pharmaceuticals.

Currently, the analyst consensus on Armata Pharmaceuticals is a Moderate Buy with an average price target of $8.00, implying a 142.4% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $7.00 price target.

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

Clearside Biomedical (CLSD)

In a report released today, Andreas Argyrides from Wedbush reiterated a Buy rating on Clearside Biomedical, with a price target of $6.00. The company’s shares closed last Wednesday at $1.28, close to its 52-week low of $1.00.

According to TipRanks.com, Argyrides ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.4% and a 43.8% success rate. Argyrides covers the Healthcare sector, focusing on stocks such as Rani Therapeutics Holdings, BioMarin Pharmaceutical, and Liquidia Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Clearside Biomedical with a $6.33 average price target, representing a 386.9% upside. In a report issued on November 3, JMP Securities also reiterated a Buy rating on the stock with a $7.00 price target.

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