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Analysts Offer Insights on Healthcare Companies: Ardelyx (ARDX) and Eli Lilly & Co (LLY)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Ardelyx (ARDXResearch Report) and Eli Lilly & Co (LLYResearch Report) with bullish sentiments.

Ardelyx (ARDX)

According to TipRanks.com, Nochomovitz is a 5-star analyst with an average return of 13.7% and a 47.2% success rate. Nochomovitz covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Arvinas Holding Company, and Apellis Pharmaceuticals.

Currently, the analyst consensus on Ardelyx is a Strong Buy with an average price target of $11.08.

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

Eli Lilly & Co (LLY)

Bank of America Securities analyst Geoff Meacham maintained a Buy rating on Eli Lilly & Co yesterday and set a price target of $700.00. The company’s shares closed last Tuesday at $625.48, close to its 52-week high of $636.41.

According to TipRanks.com, Meacham is a 4-star analyst with an average return of 3.8% and a 52.9% success rate. Meacham covers the Healthcare sector, focusing on stocks such as Amylyx Pharmaceuticals Inc, Turnstone Biologics Corp., and BioMarin Pharmaceutical.

Currently, the analyst consensus on Eli Lilly & Co is a Strong Buy with an average price target of $661.81, implying a 5.0% upside from current levels. In a report issued on January 5, Leerink Partners also maintained a Buy rating on the stock.

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