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Analysts’ Top Healthcare Picks: AbbVie (ABBV), Wave Life Sciences (WVE)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on AbbVie (ABBVResearch Report), Wave Life Sciences (WVEResearch Report) and Edwards Lifesciences (EWResearch Report) with bullish sentiments.

AbbVie (ABBV)

In a report released today, Srikripa Devarakonda from Truist Financial maintained a Buy rating on AbbVie. The company’s shares closed last Friday at $159.62.

According to TipRanks.com, Devarakonda is a 4-star analyst with an average return of 14.9% and a 49.3% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as Edgewise Therapeutics, Scholar Rock Holding, and Bristol-Myers Squibb.

AbbVie has an analyst consensus of Strong Buy, with a price target consensus of $179.50, representing a 7.4% upside. In a report issued on April 22, Piper Sandler also maintained a Buy rating on the stock with a $185.00 price target.

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

Wave Life Sciences (WVE)

In a report released today, Joon Lee from Truist Financial assigned a Buy rating to Wave Life Sciences, with a price target of $17.00. The company’s shares closed last Friday at $4.66.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 24.2% and a 44.5% success rate. Lee covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Adverum Biotechnologies, and BioMarin Pharmaceutical.

Wave Life Sciences has an analyst consensus of Strong Buy, with a price target consensus of $13.20, representing a 175.0% upside. In a report issued on April 23, Mizuho Securities also maintained a Buy rating on the stock with a $19.00 price target.

Edwards Lifesciences (EW)

In a report released today, Richard Newitter from Truist Financial maintained a Buy rating on Edwards Lifesciences. The company’s shares closed last Friday at $86.43.

According to TipRanks.com, Newitter is a 5-star analyst with an average return of 16.9% and a 58.4% success rate. Newitter covers the Healthcare sector, focusing on stocks such as Inspire Medical Systems, Treace Medical Concepts, and Zimmer Biomet Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Edwards Lifesciences with a $95.80 average price target, implying a 10.1% upside from current levels. In a report issued on April 15, RBC Capital also maintained a Buy rating on the stock with a $101.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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