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Analysts’ Top Healthcare Picks: KalVista Pharmaceuticals (KALV), Allakos (ALLK)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on KalVista Pharmaceuticals (KALVResearch Report) and Allakos (ALLKResearch Report) with bullish sentiments.

KalVista Pharmaceuticals (KALV)

In a report released today, Serge Belanger from Needham maintained a Buy rating on KalVista Pharmaceuticals, with a price target of $35.00. The company’s shares closed last Monday at $13.70.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.3% and a 42.0% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Collegium Pharmaceutical, Arcutis Biotherapeutics, and Pacira Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for KalVista Pharmaceuticals with a $30.75 average price target, representing a 134.7% upside. In a report issued on February 13, Stifel Nicolaus also maintained a Buy rating on the stock with a $39.00 price target.

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

Allakos (ALLK)

JMP Securities analyst Jonathan Wolleben reiterated a Buy rating on Allakos today and set a price target of $3.00. The company’s shares closed last Monday at $1.47, close to its 52-week low of $1.00.

According to TipRanks.com, Wolleben is a 5-star analyst with an average return of 22.5% and a 49.2% success rate. Wolleben covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Sagimet Biosciences, Inc. Class A, and DBV Technologies SA – American.

Currently, the analyst consensus on Allakos is a Hold with an average price target of $2.10.

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