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Analysts Are Bullish on Top Healthcare Stocks: Avidity Biosciences (RNA), Xeris Pharmaceuticals (XERS)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Avidity Biosciences (RNAResearch Report), Xeris Pharmaceuticals (XERSResearch Report) and Immunovant (IMVTResearch Report) with bullish sentiments.

Avidity Biosciences (RNA)

Leerink Partners analyst Joseph Schwartz reiterated a Buy rating on Avidity Biosciences on November 9 and set a price target of $18.00. The company’s shares closed last Monday at $5.73, close to its 52-week low of $4.83.

According to TipRanks.com, Schwartz has 0 stars on 0-5 stars ranking scale with an average return of -14.5% and a 31.8% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Crinetics Pharmaceuticals, and Mereo Biopharma Group Plc.

Currently, the analyst consensus on Avidity Biosciences is a Strong Buy with an average price target of $30.33, implying a 458.6% upside from current levels. In a report issued on November 9, TD Cowen also maintained a Buy rating on the stock.

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

Xeris Pharmaceuticals (XERS)

In a report issued on November 9, Roanna Ruiz from Leerink Partners maintained a Buy rating on Xeris Pharmaceuticals, with a price target of $5.00. The company’s shares closed last Monday at $1.62.

According to TipRanks.com, Ruiz is ranked 0 out of 5 stars with an average return of -29.5% and a 26.8% success rate. Ruiz covers the Healthcare sector, focusing on stocks such as Enanta Pharmaceuticals, Corcept Therapeutics, and Atea Pharmaceuticals.

Xeris Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $5.50, a 229.3% upside from current levels. In a report issued on November 10, Piper Sandler also reiterated a Buy rating on the stock with a $4.00 price target.

Immunovant (IMVT)

Leerink Partners analyst Thomas Smith maintained a Buy rating on Immunovant on November 9 and set a price target of $47.00. The company’s shares closed last Monday at $32.80.

According to TipRanks.com, Smith is a top 100 analyst with an average return of 30.8% and a 40.4% success rate. Smith covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, Connect Biopharma Holdings, and Madrigal Pharmaceuticals.

Currently, the analyst consensus on Immunovant is a Strong Buy with an average price target of $44.85, representing a 38.6% upside. In a report issued on October 31, Piper Sandler also maintained a Buy rating on the stock with a $57.00 price target.

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