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Analysts Offer Insights on Healthcare Companies: Catalent (CTLT), Vertex Pharmaceuticals (VRTX) and Alkermes (ALKS)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Catalent (CTLTResearch Report), Vertex Pharmaceuticals (VRTXResearch Report) and Alkermes (ALKSResearch Report) with bullish sentiments.

Catalent (CTLT)

In a report issued on April 9, Eric Coldwell from Robert W. Baird maintained a Buy rating on Catalent, with a price target of $63.50. The company’s shares closed last Thursday at $56.92.

According to TipRanks.com, Coldwell is a 4-star analyst with an average return of 6.1% and a 55.1% success rate. Coldwell covers the Healthcare sector, focusing on stocks such as Fortrea Holdings Inc., Charles River Labs, and Quest Diagnostics.

The word on The Street in general, suggests a Hold analyst consensus rating for Catalent with a $60.75 average price target.

See the top stocks recommended by analysts >>

Vertex Pharmaceuticals (VRTX)

In a report released yesterday, David Risinger from Leerink Partners maintained a Buy rating on Vertex Pharmaceuticals. The company’s shares closed last Thursday at $400.23.

According to TipRanks.com, Risinger is a 5-star analyst with an average return of 13.0% and a 58.1% success rate. Risinger covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Centessa Pharmaceuticals, and Bristol-Myers Squibb.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vertex Pharmaceuticals with a $455.29 average price target, which is a 12.6% upside from current levels. In a report released yesterday, William Blair also initiated coverage with a Buy rating on the stock.

Alkermes (ALKS)

Robert W. Baird analyst Joel Beatty maintained a Buy rating on Alkermes on April 9 and set a price target of $37.00. The company’s shares closed last Thursday at $24.99.

According to TipRanks.com, Beatty is a 5-star analyst with an average return of 12.6% and a 49.1% success rate. Beatty covers the Healthcare sector, focusing on stocks such as Amylyx Pharmaceuticals Inc, Intra-Cellular Therapies, and ACADIA Pharmaceuticals.

Currently, the analyst consensus on Alkermes is a Moderate Buy with an average price target of $35.75, which is a 35.9% upside from current levels. In a report issued on April 2, Mizuho Securities also maintained a Buy rating on the stock with a $35.00 price target.

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