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Analysts Offer Insights on Healthcare Companies: Atricure (ATRC) and AbbVie (ABBV)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Atricure (ATRCResearch Report) and AbbVie (ABBVResearch Report) with bullish sentiments.

Atricure (ATRC)

In a report released today, Michael Matson from Needham maintained a Buy rating on Atricure, with a price target of $44.00. The company’s shares closed last Wednesday at $33.70, close to its 52-week low of $32.27.

According to TipRanks.com, Matson is a 1-star analyst with an average return of -1.9% and a 46.6% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Merit Medical Systems, and Shockwave Medical.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atricure with a $54.86 average price target, a 56.4% upside from current levels. In a report issued on December 21, Canaccord Genuity also maintained a Buy rating on the stock with a $50.00 price target.

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

AbbVie (ABBV)

In a report released today, Terence Flynn from Morgan Stanley maintained a Buy rating on AbbVie, with a price target of $197.00. The company’s shares closed last Wednesday at $160.46.

According to TipRanks.com, Flynn is a 5-star analyst with an average return of 10.2% and a 63.3% success rate. Flynn covers the Healthcare sector, focusing on stocks such as Arvinas Holding Company, Vertex Pharmaceuticals, and Crispr Therapeutics AG.

AbbVie has an analyst consensus of Moderate Buy, with a price target consensus of $170.33, which is a 6.1% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock.

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