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Analysts Offer Insights on Healthcare Companies: Amphastar Pharmaceuticals (AMPH) and Erasca (ERAS)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Amphastar Pharmaceuticals (AMPHResearch Report) and Erasca (ERASResearch Report) with bullish sentiments.

Amphastar Pharmaceuticals (AMPH)

Capital One Financial analyst Tim Chiang maintained a Buy rating on Amphastar Pharmaceuticals today and set a price target of $70.00. The company’s shares closed last Wednesday at $42.21.

According to TipRanks.com, Chiang has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -13.2% and a 37.4% success rate. Chiang covers the Healthcare sector, focusing on stocks such as EyePoint Pharmaceuticals, Protagonist Therapeutics, and Outlook Therapeutics.

Currently, the analyst consensus on Amphastar Pharmaceuticals is a Moderate Buy with an average price target of $62.60, implying a 46.1% upside from current levels. In a report released today, Piper Sandler also reiterated a Buy rating on the stock with a $71.00 price target.

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

Erasca (ERAS)

In a report released today, Naureen Quibria from Capital One Financial reiterated a Buy rating on Erasca, with a price target of $8.00. The company’s shares closed last Wednesday at $2.15.

According to TipRanks.com, Quibria is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.2% and a 23.0% success rate. Quibria covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Fennec Pharmaceuticals, and Olema Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Erasca with a $7.50 average price target, which is a 244.0% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $8.00 price target.

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