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Analysts Offer Insights on Healthcare Companies: Omega Therapeutics (OMGA), Rain Therapeutics (RAIN) and Kinnate Biopharma (KNTE)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Omega Therapeutics (OMGAResearch Report), Rain Therapeutics (RAINResearch Report) and Kinnate Biopharma (KNTEResearch Report).

Omega Therapeutics (OMGA)

Wedbush analyst Robert Driscoll maintained a Buy rating on Omega Therapeutics yesterday and set a price target of $12.00. The company’s shares closed last Friday at $1.70, close to its 52-week low of $1.30.

According to TipRanks.com, Driscoll has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -12.1% and a 28.5% success rate. Driscoll covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Zentalis Pharmaceuticals, and Arvinas Holding Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Omega Therapeutics with a $12.00 average price target, representing a 622.9% upside. In a report issued on November 1, Piper Sandler also initiated coverage with a Buy rating on the stock with a $10.00 price target.

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

Rain Therapeutics (RAIN)

Mizuho Securities analyst Graig Suvannavejh maintained a Hold rating on Rain Therapeutics today and set a price target of $1.00. The company’s shares closed last Friday at $1.10, close to its 52-week low of $0.82.

According to TipRanks.com, Suvannavejh has 0 stars on 0-5 stars ranking scale with an average return of -12.8% and a 35.2% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, Harmony Biosciences Holdings, and Amylyx Pharmaceuticals Inc.

Currently, the analyst consensus on Rain Therapeutics is a Hold with an average price target of $1.00, a -2.9% downside from current levels. In a report released today, Oppenheimer also maintained a Hold rating on the stock.

Kinnate Biopharma (KNTE)

In a report released yesterday, David Nierengarten from Wedbush maintained a Hold rating on Kinnate Biopharma, with a price target of $2.00. The company’s shares closed last Friday at $1.17, close to its 52-week low of $1.04.

According to TipRanks.com, Nierengarten is a 5-star analyst with an average return of 12.2% and a 44.2% success rate. Nierengarten covers the Healthcare sector, focusing on stocks such as Freeline Therapeutics Holdings, Oric Pharmaceuticals, and Beam Therapeutics.

Kinnate Biopharma has an analyst consensus of Moderate Buy, with a price target consensus of $2.70, which is a 126.9% upside from current levels. In a report released today, Piper Sandler also assigned a Hold rating to the stock with a $4.00 price target.

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