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Analysts Conflicted on These Healthcare Names: Ascendis Pharma (ASND), CareDx (CDNA) and Ligand Pharma (LGND)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Ascendis Pharma (ASNDResearch Report), CareDx (CDNAResearch Report) and Ligand Pharma (LGNDResearch Report).

Ascendis Pharma (ASND)

Oppenheimer analyst Leland Gershell maintained a Hold rating on Ascendis Pharma today. The company’s shares closed last Thursday at $93.77.

According to TipRanks.com, Gershell has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.2% and a 33.5% success rate. Gershell covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals, Crinetics Pharmaceuticals, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ascendis Pharma with a $141.50 average price target, which is a 46.8% upside from current levels. In a report issued on November 7, TD Cowen also maintained a Hold rating on the stock with a $110.00 price target.

See the top stocks recommended by analysts >>

CareDx (CDNA)

In a report released today, Alexander Nowak from Craig-Hallum maintained a Hold rating on CareDx, with a price target of $9.00. The company’s shares closed last Thursday at $7.48.

According to TipRanks.com, Nowak is ranked 0 out of 5 stars with an average return of -9.6% and a 30.3% success rate. Nowak covers the Healthcare sector, focusing on stocks such as NeuroOne Medical Technologies, InfuSystem Holdings, Inc., and Accelerate Diagnostics.

Currently, the analyst consensus on CareDx is a Moderate Buy with an average price target of $10.33, implying a 29.1% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Hold rating on the stock.

Ligand Pharma (LGND)

In a report released today, Matt Hewitt from Craig-Hallum reiterated a Buy rating on Ligand Pharma, with a price target of $135.00. The company’s shares closed last Thursday at $54.49, close to its 52-week low of $49.24.

According to TipRanks.com, Hewitt is ranked 0 out of 5 stars with an average return of -9.4% and a 32.9% success rate. Hewitt covers the Healthcare sector, focusing on stocks such as Streamline Health Solutions, Champions Oncology, and Simulations Plus.

Currently, the analyst consensus on Ligand Pharma is a Strong Buy with an average price target of $121.00, a 120.0% upside from current levels. In a report issued on November 1, H.C. Wainwright also reiterated a Buy rating on the stock with a $144.00 price target.

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