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Analysts Offer Insights on Healthcare Companies: Allakos (ALLK) and Crinetics Pharmaceuticals (CRNX)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Allakos (ALLKResearch Report) and Crinetics Pharmaceuticals (CRNXResearch Report) with bullish sentiments.

Allakos (ALLK)

LifeSci Capital analyst Sam Slutsky maintained a Buy rating on Allakos today. The company’s shares closed last Monday at $2.88.

According to TipRanks.com, Slutsky is a 4-star analyst with an average return of 7.6% and a 44.3% success rate. Slutsky covers the Healthcare sector, focusing on stocks such as Third Harmonic Bio, Inc., Abivax SA Sponsored ADR, and Olema Pharmaceuticals.

Allakos has an analyst consensus of Moderate Buy, with a price target consensus of $5.13, representing a 59.8% upside. In a report released yesterday, William Blair also upgraded the stock to Buy with a $3.00 price target.

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

Crinetics Pharmaceuticals (CRNX)

Oppenheimer analyst Leland Gershell maintained a Buy rating on Crinetics Pharmaceuticals today and set a price target of $46.00. The company’s shares closed last Monday at $33.25, close to its 52-week high of $35.49.

According to TipRanks.com, Gershell is a 1-star analyst with an average return of -0.4% and a 35.6% success rate. Gershell covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals, BioMarin Pharmaceutical, and Viridian Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Crinetics Pharmaceuticals with a $47.11 average price target, representing a 36.4% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $56.00 price target.

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