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Analysts Are Bullish on Top Healthcare Stocks: BioNano Genomics (BNGO), Legend Biotech (LEGN)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on BioNano Genomics (BNGOResearch Report), Legend Biotech (LEGNResearch Report) and Delcath Systems (DCTHResearch Report) with bullish sentiments.

BioNano Genomics (BNGO)

In a report released yesterday, Mark Massaro from BTIG reiterated a Buy rating on BioNano Genomics, with a price target of $6.00. The company’s shares closed last Thursday at $1.14, close to its 52-week low of $1.10.

According to TipRanks.com, Massaro is ranked 0 out of 5 stars with an average return of -16.2% and a 31.4% success rate. Massaro covers the Healthcare sector, focusing on stocks such as Ginkgo Bioworks Holdings, Adaptive Biotechnologies, and Castle Biosciences.

Currently, the analyst consensus on BioNano Genomics is a Strong Buy with an average price target of $9.00, representing a 662.7% upside. In a report issued on January 19, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $14.00 price target.

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

Legend Biotech (LEGN)

In a report released yesterday, Justin Zelin from BTIG reiterated a Buy rating on Legend Biotech, with a price target of $91.00. The company’s shares closed last Thursday at $56.22.

According to TipRanks.com, Zelin is a 5-star analyst with an average return of 15.5% and a 46.2% success rate. Zelin covers the Healthcare sector, focusing on stocks such as Gracell Biotechnologies, Syndax Pharmaceuticals, and Precision BioSciences.

Currently, the analyst consensus on Legend Biotech is a Strong Buy with an average price target of $88.19, implying a 59.7% upside from current levels. In a report issued on January 18, Jefferies also maintained a Buy rating on the stock with a $93.00 price target.

Delcath Systems (DCTH)

BTIG analyst Marie Thibault reiterated a Buy rating on Delcath Systems yesterday and set a price target of $16.00. The company’s shares closed last Thursday at $4.72.

According to TipRanks.com, Thibault is a 1-star analyst with an average return of -0.9% and a 34.7% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Edwards Lifesciences, and Senseonics Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Delcath Systems with a $17.00 average price target.

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