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Analysts Are Bullish on Top Healthcare Stocks: Decibel Cannabis Company (DBCCF), Sutro Biopharma (STRO)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Decibel Cannabis Company (DBCCFResearch Report) and Sutro Biopharma (STROResearch Report) with bullish sentiments.

Decibel Cannabis Company (DBCCF)

Haywood analyst Neal Gilmer reiterated a Buy rating on Decibel Cannabis Company today and set a price target of $0.40. The company’s shares closed last Thursday at $0.10.

According to TipRanks.com, Gilmer is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -16.0% and a 29.7% success rate. Gilmer covers the Healthcare sector, focusing on stocks such as Ascend Wellness Holdings LLC, Green Thumb Industries, and OrganiGram Holdings.

Decibel Cannabis Company has an analyst consensus of Moderate Buy, with a price target consensus of $0.40.

See the top stocks recommended by analysts >>

Sutro Biopharma (STRO)

In a report released today, Boris Peaker from TD Cowen maintained a Buy rating on Sutro Biopharma. The company’s shares closed last Thursday at $2.37, close to its 52-week low of $2.01.

According to TipRanks.com, Peaker is a 5-star analyst with an average return of 22.2% and a 46.3% success rate. Peaker covers the Healthcare sector, focusing on stocks such as Pacira Pharmaceuticals, Fusion Pharmaceuticals, and POINT Biopharma Global.

Currently, the analyst consensus on Sutro Biopharma is a Strong Buy with an average price target of $13.40, representing a 449.2% upside. In a report issued on November 8, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $12.00 price target.

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