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Analysts Offer Insights on Healthcare Companies: Oncolytics Biotech (ONCY) and Precigen (PGEN)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Oncolytics Biotech (ONCYResearch Report) and Precigen (PGENResearch Report) with bullish sentiments.

Oncolytics Biotech (ONCY)

Maxim Group analyst Jason McCarthy maintained a Buy rating on Oncolytics Biotech yesterday and set a price target of $3.00. The company’s shares closed last Wednesday at $1.64.

According to TipRanks.com, McCarthy is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -28.2% and a 21.5% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Genenta Science SpA Sponsored ADR, Reviva Pharmaceuticals Holdings, and Brainstorm Cell Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oncolytics Biotech with a $6.84 average price target, implying a 319.6% upside from current levels. In a report issued on May 5, RBC Capital also maintained a Buy rating on the stock with a C$6.00 price target.

See the top stocks recommended by analysts >>

Precigen (PGEN)

In a report released today, Jason Butler from JMP Securities reiterated a Buy rating on Precigen, with a price target of $14.00. The company’s shares closed last Wednesday at $1.21.

According to TipRanks.com, Butler has 0 stars on 0-5 stars ranking scale with an average return of -6.1% and a 39.8% success rate. Butler covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, ACADIA Pharmaceuticals, and Aquestive Therapeutics.

Currently, the analyst consensus on Precigen is a Strong Buy with an average price target of $8.77.

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