BTIG analyst Ryan Zimmerman maintained a Buy rating on Vericel (VCEL – Research Report) yesterday and set a price target of $53.00. The company’s shares closed last Friday at $49.20.
Zimmerman covers the Healthcare sector, focusing on stocks such as Intuitive Surgical, GE Healthcare Technologies Inc, and Vericel. According to TipRanks, Zimmerman has an average return of 12.6% and a 51.23% success rate on recommended stocks.
Vericel has an analyst consensus of Strong Buy, with a price target consensus of $48.10.
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VCEL market cap is currently $2.35B and has a P/E ratio of -223.53.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.
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Vericel (VCEL) Company Description:
Vericel Corp. engages in the research, product development, manufacture, and distribution of patient-specific, expanded cellular therapies for use in the treatment of patients with diseases. Its product portfolio includes MACI and Epicel. The MACI portfolio is FDA-approved product that applies the process of tissue engineering to grow cells on scaffolds using healthy cartilage tissue from the patient’s own knee. The Epicel portfolio provide skin replacement for patients who have deep dermal or full thickness burns. The company was founded on March 24, 1989 and is headquartered in Cambridge, MA.
Read More on VCEL:
- Vericel to Report Fourth-Quarter and Full-Year 2023 Financial Results on February 29, 2024
- Vericel to Present at the Canaccord Genuity Musculoskeletal Conference on Monday, February 12, 2024
- Vericel price target raised to $49 from $41 at BTIG
- Tesla, Boeing downgraded: Wall Street’s top analyst calls
- Vericel upgraded to Buy from Hold at Truist
