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Analysts’ Top Healthcare Picks: Outlook Therapeutics (OTLK), BioNano Genomics (BNGO)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Outlook Therapeutics (OTLKResearch Report), BioNano Genomics (BNGOResearch Report) and Ayr Wellness (AYRWFResearch Report) with bullish sentiments.

Outlook Therapeutics (OTLK)

BTIG analyst Julian Harrison reiterated a Buy rating on Outlook Therapeutics on March 9 and set a price target of $7.00. The company’s shares closed last Monday at $1.04.

According to TipRanks.com, Harrison is a 5-star analyst with an average return of 27.5% and a 57.4% success rate. Harrison covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, Protagonist Therapeutics, and Prometheus Biosciences.

Currently, the analyst consensus on Outlook Therapeutics is a Strong Buy with an average price target of $5.33.

See the top stocks recommended by analysts >>

BioNano Genomics (BNGO)

BTIG analyst Mark Massaro reiterated a Buy rating on BioNano Genomics on March 10 and set a price target of $3.00. The company’s shares closed last Monday at $1.26, close to its 52-week low of $1.16.

According to TipRanks.com, Massaro ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.3% and a 40.9% success rate. Massaro covers the Healthcare sector, focusing on stocks such as MDxHealth S.A. Sponsored ADR, Adaptive Biotechnologies, and Ginkgo Bioworks Holdings.

BioNano Genomics has an analyst consensus of Strong Buy, with a price target consensus of $5.50, implying a 366.1% upside from current levels. In a report issued on March 6, Maxim Group also assigned a Buy rating to the stock with a $6.00 price target.

Ayr Wellness (AYRWF)

BTIG analyst Jonathan DeCourcey reiterated a Buy rating on Ayr Wellness on March 9 and set a price target of C$8.50. The company’s shares closed last Monday at $0.77.

According to TipRanks.com, DeCourcey is ranked 0 out of 5 stars with an average return of -25.8% and a 16.7% success rate. DeCourcey covers the Basic Materials sector, focusing on stocks such as Ascend Wellness Holdings LLC, Medicine Man Technologies, and Green Thumb Industries.

Ayr Wellness has an analyst consensus of Moderate Buy, with a price target consensus of $3.65, a 405.8% upside from current levels. In a report issued on March 9, Needham also reiterated a Buy rating on the stock with a $3.75 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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