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Analysts Are Bullish on Top Healthcare Stocks: Accolade (ACCD), Resmed (RMD)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Accolade (ACCDResearch Report) and Resmed (RMDResearch Report) with bullish sentiments.

Accolade (ACCD)

Needham analyst Ryan MacDonald reiterated a Buy rating on Accolade today and set a price target of $13.00. The company’s shares closed last Thursday at $9.19.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 7.9% and a 47.9% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Instructure Holdings, and PowerSchool.

Accolade has an analyst consensus of Moderate Buy, with a price target consensus of $12.83, representing a 39.9% upside. In a report issued on April 18, Leerink Partners also maintained a Buy rating on the stock with a $16.00 price target.

See the top stocks recommended by analysts >>

Resmed (RMD)

In a report released today, Michael Matson from Needham reiterated a Buy rating on Resmed, with a price target of $236.00. The company’s shares closed last Thursday at $183.42.

According to TipRanks.com, Matson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.4% and a 42.0% success rate. Matson covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Merit Medical Systems, and Boston Scientific.

Resmed has an analyst consensus of Strong Buy, with a price target consensus of $217.67, implying a 18.9% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $238.00 price target.

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