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Analysts Offer Insights on Healthcare Companies: Irhythm Technologies (IRTC), AbbVie (ABBV) and CymaBay Therapeutics (CBAY)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Irhythm Technologies (IRTCResearch Report), AbbVie (ABBVResearch Report) and CymaBay Therapeutics (CBAYResearch Report) with bullish sentiments.

Irhythm Technologies (IRTC)

In a report released today, Nathan Treybeck from Wells Fargo maintained a Buy rating on Irhythm Technologies, with a price target of $125.00. The company’s shares closed last Tuesday at $101.34.

According to TipRanks.com, Treybeck is ranked #3578 out of 8665 analysts.

Currently, the analyst consensus on Irhythm Technologies is a Strong Buy with an average price target of $123.60, representing a 17.1% upside. In a report issued on December 21, Canaccord Genuity also maintained a Buy rating on the stock with a $121.00 price target.

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

AbbVie (ABBV)

Wells Fargo analyst Mohit Bansal maintained a Buy rating on AbbVie today and set a price target of $180.00. The company’s shares closed last Tuesday at $159.82.

According to TipRanks.com, Bansal is a 4-star analyst with an average return of 8.7% and a 59.2% success rate. Bansal covers the Healthcare sector, focusing on stocks such as Cerevel Therapeutics Holdings, BioMarin Pharmaceutical, and Vertex Pharmaceuticals.

Currently, the analyst consensus on AbbVie is a Moderate Buy with an average price target of $170.33.

CymaBay Therapeutics (CBAY)

In a report released today, Cory Jubinville, PhD from LifeSci Capital maintained a Buy rating on CymaBay Therapeutics, with a price target of $36.00. The company’s shares closed last Tuesday at $23.71, close to its 52-week high of $25.33.

According to TipRanks.com, PhD is a 4-star analyst with an average return of 43.9% and a 78.6% success rate. PhD covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Larimar Therapeutics, and Tenaya Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CymaBay Therapeutics with a $28.67 average price target, implying a 22.3% upside from current levels. In a report issued on December 22, H.C. Wainwright also maintained a Buy rating on the stock with a $28.00 price target.

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