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Analysts Offer Insights on Healthcare Companies: Halozyme (HALO), NeoGenomics (NEO) and Ardelyx (ARDX)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Halozyme (HALOResearch Report), NeoGenomics (NEOResearch Report) and Ardelyx (ARDXResearch Report) with bullish sentiments.

Halozyme (HALO)

In a report released today, Joseph Catanzaro from Piper Sandler reiterated a Buy rating on Halozyme, with a price target of $48.00. The company’s shares closed last Tuesday at $36.00.

According to TipRanks.com, Catanzaro is a 4-star analyst with an average return of 7.6% and a 41.2% success rate. Catanzaro covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Gracell Biotechnologies, and Iovance Biotherapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Halozyme with a $49.50 average price target, representing a 38.7% upside. In a report issued on February 13, Benchmark Co. also maintained a Buy rating on the stock with a $50.00 price target.

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NeoGenomics (NEO)

In a report released today, David Westenberg from Piper Sandler reiterated a Buy rating on NeoGenomics, with a price target of $18.00. The company’s shares closed last Tuesday at $14.70.

According to TipRanks.com, Westenberg is a 3-star analyst with an average return of 0.9% and a 46.5% success rate. Westenberg covers the Healthcare sector, focusing on stocks such as Adaptive Biotechnologies, Pacific Biosciences, and Idexx Laboratories.

Currently, the analyst consensus on NeoGenomics is a Strong Buy with an average price target of $20.33, a 45.0% upside from current levels. In a report issued on February 14, Leerink Partners also maintained a Buy rating on the stock.

Ardelyx (ARDX)

Piper Sandler analyst Christopher Raymond maintained a Buy rating on Ardelyx today and set a price target of $12.00. The company’s shares closed last Tuesday at $8.55.

According to TipRanks.com, Raymond is a 4-star analyst with an average return of 5.7% and a 51.7% success rate. Raymond covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Deciphera Pharmaceuticals, and Karyopharm Therapeutics.

Ardelyx has an analyst consensus of Strong Buy, with a price target consensus of $12.50.

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