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Analysts Conflicted on These Healthcare Names: Gritstone Oncology (GRTS) and Cano Health (CANO)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Gritstone Oncology (GRTSResearch Report) and Cano Health (CANOResearch Report).

Gritstone Oncology (GRTS)

In a report released today, Edward Tenthoff from Piper Sandler reiterated a Buy rating on Gritstone Oncology, with a price target of $7.00. The company’s shares closed last Wednesday at $1.19, close to its 52-week low of $1.14.

According to TipRanks.com, Tenthoff is a 4-star analyst with an average return of 6.5% and a 35.6% success rate. Tenthoff covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Milestone Pharmaceuticals, and Arvinas Holding Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gritstone Oncology with a $10.50 average price target, implying a 767.8% upside from current levels. In a report released today, B.Riley Financial also reiterated a Buy rating on the stock with a $8.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Cano Health (CANO)

Piper Sandler analyst Jessica Tassan reiterated a Sell rating on Cano Health today and set a price target of $0.50. The company’s shares closed last Wednesday at $0.27, close to its 52-week low of $0.22.

According to TipRanks.com, Tassan is a 1-star analyst with an average return of -1.4% and a 43.0% success rate. Tassan covers the Healthcare sector, focusing on stocks such as Tabula Rasa HealthCare, Evolent Health, and American Well.

Currently, the analyst consensus on Cano Health is a Moderate Sell with an average price target of $0.51.

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