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Analysts Offer Insights on Healthcare Companies: Tenon Medical, Inc. (TNON), Akoya Biosciences (AKYA) and Bioxcel Therapeutics (BTAI)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Tenon Medical, Inc. (TNONResearch Report), Akoya Biosciences (AKYAResearch Report) and Bioxcel Therapeutics (BTAIResearch Report).

Tenon Medical, Inc. (TNON)

In a report released yesterday, Anthony Vendetti from Maxim Group reiterated a Buy rating on Tenon Medical, Inc., with a price target of $6.00. The company’s shares closed last Wednesday at $2.75, close to its 52-week low of $0.77.

According to TipRanks.com, Vendetti ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.7% and a 30.5% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Helius Medical Technologies, Guardion Health Sciences, and SeaStar Medical Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenon Medical, Inc. with a $6.00 average price target, representing a 94.2% upside. In a report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $6.00 price target.

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

Akoya Biosciences (AKYA)

Piper Sandler analyst David Westenberg assigned a Buy rating to Akoya Biosciences on November 13 and set a price target of $8.00. The company’s shares closed last Wednesday at $4.45, close to its 52-week low of $3.04.

According to TipRanks.com, Westenberg is a 1-star analyst with an average return of -5.4% and a 38.2% success rate. Westenberg covers the Healthcare sector, focusing on stocks such as Adaptive Biotechnologies, Elanco Animal Health, and Pacific Biosciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Akoya Biosciences with a $9.67 average price target, which is an 117.3% upside from current levels. In a report issued on November 9, Canaccord Genuity also maintained a Buy rating on the stock with a $14.00 price target.

Bioxcel Therapeutics (BTAI)

In a report issued on November 14, Graig Suvannavejh from Mizuho Securities maintained a Hold rating on Bioxcel Therapeutics, with a price target of $4.00. The company’s shares closed last Wednesday at $4.40, close to its 52-week low of $2.23.

According to TipRanks.com, Suvannavejh has 0 stars on 0-5 stars ranking scale with an average return of -13.3% and a 34.1% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, Harmony Biosciences Holdings, and Amylyx Pharmaceuticals Inc.

Bioxcel Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $10.50, implying a 147.1% upside from current levels. In a report issued on November 8, Goldman Sachs also reiterated a Hold rating on the stock.

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