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Analysts’ Top Healthcare Picks: Verve Therapeutics (VERV), Immunovant (IMVT)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Verve Therapeutics (VERVResearch Report), Immunovant (IMVTResearch Report) and TELA Bio (TELAResearch Report) with bullish sentiments.

Verve Therapeutics (VERV)

In a report released today, Whitney Ijem from Canaccord Genuity maintained a Buy rating on Verve Therapeutics, with a price target of $29.00. The company’s shares closed last Monday at $9.17, close to its 52-week low of $8.52.

According to TipRanks.com, Ijem is a 4-star analyst with an average return of 10.8% and a 44.2% success rate. Ijem covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Vertex Pharmaceuticals, and Rocket Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Verve Therapeutics with a $37.00 average price target, representing a 280.7% upside. In a report released yesterday, LifeSci Capital also maintained a Buy rating on the stock with a $55.00 price target.

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

Immunovant (IMVT)

Piper Sandler analyst Yasmeen Rahimi maintained a Buy rating on Immunovant today and set a price target of $57.00. The company’s shares closed last Monday at $33.80.

According to TipRanks.com, Rahimi is a 3-star analyst with an average return of 0.6% and a 32.3% success rate. Rahimi covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Sagimet Biosciences, Inc. Class A, and Praxis Precision Medicines.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Immunovant with a $44.92 average price target, a 32.6% upside from current levels. In a report issued on October 13, UBS also upgraded the stock to Buy with a $55.00 price target.

TELA Bio (TELA)

In a report released yesterday, Caitlin Cronin from Canaccord Genuity maintained a Buy rating on TELA Bio, with a price target of $15.00. The company’s shares closed last Monday at $5.66, close to its 52-week low of $5.59.

Currently, the analyst consensus on TELA Bio is a Strong Buy with an average price target of $17.00, implying a 196.2% upside from current levels. In a report released yesterday, Lake Street also reiterated a Buy rating on the stock with a $18.00 price target.

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