Analysts Offer Insights on Healthcare Companies: Align Tech (ALGN), Shockwave Medical (SWAV) and Neogen (NEOG)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Align Tech (ALGN – Research Report), Shockwave Medical (SWAV – Research Report) and Neogen (NEOG – Research Report).

Align Tech (ALGN)

Piper Sandler analyst Jason Bednar maintained a Buy rating on Align Tech today and set a price target of $360.00. The company’s shares closed last Monday at $330.66.

According to TipRanks.com, Bednar is a 1-star analyst with an average return of -1.0% and a 43.6% success rate. Bednar covers the Healthcare sector, focusing on stocks such as MDxHealth S.A. Sponsored ADR, Merit Medical Systems, and Patterson Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Align Tech with a $339.00 average price target.

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Shockwave Medical (SWAV)

In a report released today, Adam Maeder from Piper Sandler reiterated a Buy rating on Shockwave Medical, with a price target of $280.00. The company’s shares closed last Monday at $226.90.

According to TipRanks.com, Maeder is a 5-star analyst with an average return of 17.3% and a 54.5% success rate. Maeder covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Edwards Lifesciences.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shockwave Medical with a $246.33 average price target, which is an 11.4% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $275.00 price target.

Neogen (NEOG)

In a report released today, David Westenberg from Piper Sandler reiterated a Hold rating on Neogen, with a price target of $19.00. The company’s shares closed last Monday at $17.30.

According to TipRanks.com, Westenberg is a 3-star analyst with an average return of 3.2% and a 53.0% success rate. Westenberg covers the Healthcare sector, focusing on stocks such as Adaptive Biotechnologies, Elanco Animal Health, and Pacific Biosciences.

Neogen has an analyst consensus of Hold, with a price target consensus of $19.00.

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Read More on ALGN:

• Early notable gainers among liquid option names on March 31st
• Align Technology view upgraded to Positive from Mixed at OTR Global
• Align Technology initiated with a Market Perform at CICC
• Early notable gainers among liquid option names on March 6th
• Align Technology put volume heavy and directionally bearish