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Analysts Offer Insights on Healthcare Companies: Amgen (AMGN), Crinetics Pharmaceuticals (CRNX) and Alignment Healthcare (ALHC)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Amgen (AMGNResearch Report), Crinetics Pharmaceuticals (CRNXResearch Report) and Alignment Healthcare (ALHCResearch Report).

Amgen (AMGN)

Robert W. Baird analyst Brian Skorney maintained a Sell rating on Amgen on May 3 and set a price target of $215.00. The company’s shares closed last Tuesday at $300.30.

According to TipRanks.com, Skorney is a 3-star analyst with an average return of 1.0% and a 44.6% success rate. Skorney covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Vertex Pharmaceuticals, and Mirum Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amgen with a $321.29 average price target.

See the top stocks recommended by analysts >>

Crinetics Pharmaceuticals (CRNX)

Leerink Partners analyst Joseph Schwartz reiterated a Buy rating on Crinetics Pharmaceuticals on May 6 and set a price target of $52.00. The company’s shares closed last Tuesday at $47.66, close to its 52-week high of $49.58.

According to TipRanks.com, Schwartz is a 2-star analyst with an average return of 0.2% and a 39.2% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Mereo Biopharma Group Plc, and KalVista Pharmaceuticals.

Crinetics Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $62.33, which is a 30.3% upside from current levels. In a report released yesterday, Piper Sandler also assigned a Buy rating to the stock with a $97.00 price target.

Alignment Healthcare (ALHC)

Leerink Partners analyst Whit Mayo reiterated a Buy rating on Alignment Healthcare on May 5 and set a price target of $9.00. The company’s shares closed last Tuesday at $6.87.

According to TipRanks.com, Mayo is a 3-star analyst with an average return of 2.4% and a 49.0% success rate. Mayo covers the Healthcare sector, focusing on stocks such as Airsculpt Technologies, Inc., Clover Health Investments, and Pediatrix Medical Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alignment Healthcare with a $7.67 average price target, implying a 12.8% upside from current levels. In a report issued on April 23, Stifel Nicolaus also maintained a Buy rating on the stock with a $9.00 price target.

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