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Analysts Are Bullish on Top Healthcare Stocks: Shockwave Medical (SWAV), Eledon Pharmaceuticals (ELDN)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Shockwave Medical (SWAVResearch Report), Eledon Pharmaceuticals (ELDNResearch Report) and Evolent Health (EVHResearch Report) with bullish sentiments.

Shockwave Medical (SWAV)

Piper Sandler analyst Adam Maeder reiterated a Buy rating on Shockwave Medical today and set a price target of $315.00. The company’s shares closed last Monday at $202.17.

According to TipRanks.com, Maeder is a 5-star analyst with an average return of 12.8% and a 48.4% success rate. Maeder covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Edwards Lifesciences.

Shockwave Medical has an analyst consensus of Moderate Buy, with a price target consensus of $266.90, a 33.7% upside from current levels. In a report issued on October 16, Leerink Partners also initiated coverage with a Buy rating on the stock with a $263.00 price target.

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Eledon Pharmaceuticals (ELDN)

In a report released today, Vernon Bernardino from H.C. Wainwright reiterated a Buy rating on Eledon Pharmaceuticals, with a price target of $25.00. The company’s shares closed last Monday at $1.33, close to its 52-week low of $1.08.

According to TipRanks.com, Bernardino is a 4-star analyst with an average return of 4.8% and a 25.2% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Finch Therapeutics Group, Citius Pharmaceuticals, and Aridis Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eledon Pharmaceuticals with a $14.67 average price target.

Evolent Health (EVH)

In a report released today, Sean Dodge from RBC Capital maintained a Buy rating on Evolent Health, with a price target of $44.00. The company’s shares closed last Monday at $26.07.

According to TipRanks.com, Dodge is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.5% and a 38.2% success rate. Dodge covers the Healthcare sector, focusing on stocks such as Healthcare Services, Privia Health Group, and NextGen Healthcare.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evolent Health with a $47.50 average price target, implying a 77.9% upside from current levels. In a report issued on October 16, UBS also initiated coverage with a Buy rating on the stock with a $46.00 price target.

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