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Analysts Are Bullish on Top Healthcare Stocks: SAB Biotherapeutics (SABS), Elevance Health (ELV)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on SAB Biotherapeutics (SABSResearch Report), Elevance Health (ELVResearch Report) and Abbott Labs (ABTResearch Report) with bullish sentiments.

SAB Biotherapeutics (SABS)

H.C. Wainwright analyst Edward White reiterated a Buy rating on SAB Biotherapeutics today and set a price target of $2.00. The company’s shares closed last Thursday at $0.75.

According to TipRanks.com, White is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -24.6% and a 21.9% success rate. White covers the Healthcare sector, focusing on stocks such as Karyopharm Therapeutics, Inhibikase Therapeutics, and Syndax Pharmaceuticals.

Currently, the analyst consensus on SAB Biotherapeutics is a Moderate Buy with an average price target of $2.50, implying a 262.3% upside from current levels. In a report issued on October 6, Chardan Capital also maintained a Buy rating on the stock with a $3.00 price target.

See today’s best-performing stocks on TipRanks >>

Elevance Health (ELV)

RBC Capital analyst Ben Hendrix reiterated a Buy rating on Elevance Health today and set a price target of $572.00. The company’s shares closed last Thursday at $468.81.

According to TipRanks.com, Hendrix is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.9% and a 36.2% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Aveanna Healthcare Holdings, Walgreens Boots Alliance, and Bright Health Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elevance Health with a $582.10 average price target, which is a 24.3% upside from current levels. In a report issued on October 16, Bernstein also maintained a Buy rating on the stock with a $629.00 price target.

Abbott Labs (ABT)

RBC Capital analyst Shagun Singh Chadha reiterated a Buy rating on Abbott Labs yesterday and set a price target of $119.00. The company’s shares closed last Thursday at $95.48.

According to TipRanks.com, Chadha is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.4% and a 19.1% success rate. Chadha covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Zimmer Biomet Holdings, and Edwards Lifesciences.

Abbott Labs has an analyst consensus of Moderate Buy, with a price target consensus of $118.38, which is a 22.6% upside from current levels. In a report issued on October 16, UBS also maintained a Buy rating on the stock with a $118.00 price target.

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