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Analysts Offer Insights on Healthcare Companies: Innovative Eyewear, Inc. (LUCY), Rockwell Med (RMTI) and Mereo Biopharma Group Plc (MREO)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Innovative Eyewear, Inc. (LUCYResearch Report), Rockwell Med (RMTIResearch Report) and Mereo Biopharma Group Plc (MREOResearch Report) with bullish sentiments.

Innovative Eyewear, Inc. (LUCY)

In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on Innovative Eyewear, Inc.. The company’s shares closed last Wednesday at $0.19, close to its 52-week low of $0.18.

According to TipRanks.com, Galinko has 0 stars on 0-5 stars ranking scale with an average return of -15.0% and a 30.4% success rate. Galinko covers the Technology sector, focusing on stocks such as WISeKey International Holding, American Software, and Ondas Holdings.

The the analyst consensus on Innovative Eyewear, Inc. is currently a Moderate Buy rating.

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Rockwell Med (RMTI)

Maxim Group analyst Anthony Vendetti reiterated a Buy rating on Rockwell Med yesterday and set a price target of $5.00. The company’s shares closed last Wednesday at $1.71, close to its 52-week low of $1.16.

According to TipRanks.com, Vendetti is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.2% and a 32.8% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Helius Medical Technologies, Dermata Therapeutics, and Milestone Scientific.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rockwell Med with a $7.00 average price target, a 319.2% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $9.00 price target.

Mereo Biopharma Group Plc (MREO)

In a report released today, Gil Blum from Needham maintained a Buy rating on Mereo Biopharma Group Plc, with a price target of $6.00. The company’s shares closed last Wednesday at $3.17.

According to TipRanks.com, Blum is a 3-star analyst with an average return of 3.2% and a 43.9% success rate. Blum covers the Healthcare sector, focusing on stocks such as Recursion Pharmaceuticals, Crispr Therapeutics AG, and Rocket Pharmaceuticals.

Currently, the analyst consensus on Mereo Biopharma Group Plc is a Strong Buy with an average price target of $6.00.

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