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Analysts Offer Insights on Healthcare Companies: Axsome Therapeutics (AXSM), Stoke Therapeutics (STOK) and Cassava Sciences (SAVA)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Axsome Therapeutics (AXSMResearch Report), Stoke Therapeutics (STOKResearch Report) and Cassava Sciences (SAVAResearch Report) with bullish sentiments.

Axsome Therapeutics (AXSM)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Axsome Therapeutics, with a price target of $180.00. The company’s shares closed last Monday at $71.09.

According to TipRanks.com, Selvaraju is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.9% and a 32.0% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Santhera Pharmaceuticals Holding, Reviva Pharmaceuticals Holdings, and MoonLake Immunotherapeutics.

Axsome Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $110.00, which is a 44.8% upside from current levels. In a report released yesterday, Piper Sandler also upgraded the stock to Buy with a $90.00 price target.

See the top stocks recommended by analysts >>

Stoke Therapeutics (STOK)

In a report released today, Andrew Fein from H.C. Wainwright reiterated a Buy rating on Stoke Therapeutics, with a price target of $35.00. The company’s shares closed last Monday at $5.85, close to its 52-week low of $5.79.

According to TipRanks.com, Fein is a 1-star analyst with an average return of -1.4% and a 38.4% success rate. Fein covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Amylyx Pharmaceuticals Inc, and Zentalis Pharmaceuticals.

Stoke Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $24.17, implying a 330.8% upside from current levels. In a report issued on July 27, Canaccord Genuity also maintained a Buy rating on the stock with a $18.00 price target.

Cassava Sciences (SAVA)

In a report released today, Vernon Bernardino from H.C. Wainwright reiterated a Buy rating on Cassava Sciences, with a price target of $124.00. The company’s shares closed last Monday at $18.95, close to its 52-week low of $16.81.

According to TipRanks.com, Bernardino is a 4-star analyst with an average return of 10.2% and a 27.5% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Finch Therapeutics Group, Eledon Pharmaceuticals, and Citius Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cassava Sciences with a $99.50 average price target, representing a 391.1% upside. In a report issued on August 3, JonesTrading also maintained a Buy rating on the stock with a $75.00 price target.

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