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Analysts Offer Insights on Healthcare Companies: Mereo Biopharma Group Plc (MREO), GoodRx Holdings (GDRX) and NewAmsterdam Pharma Company (NAMS)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Mereo Biopharma Group Plc (MREOResearch Report), GoodRx Holdings (GDRXResearch Report) and NewAmsterdam Pharma Company (NAMSResearch Report) with bullish sentiments.

Mereo Biopharma Group Plc (MREO)

Leerink Partners analyst Joseph Schwartz reiterated a Buy rating on Mereo Biopharma Group Plc on May 15 and set a price target of $6.00. The company’s shares closed last Friday at $3.20.

According to TipRanks.com, Schwartz is a 2-star analyst with an average return of 0.0% and a 38.4% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Ultragenyx Pharmaceutical, and KalVista Pharmaceuticals.

Mereo Biopharma Group Plc has an analyst consensus of Strong Buy, with a price target consensus of $6.25, a 91.1% upside from current levels. In a report issued on April 30, BTIG also maintained a Buy rating on the stock with a $6.00 price target.

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

GoodRx Holdings (GDRX)

In a report issued on May 15, Michael Cherny from Leerink Partners maintained a Buy rating on GoodRx Holdings, with a price target of $12.00. The company’s shares closed last Friday at $7.48.

According to TipRanks.com, Cherny is a 3-star analyst with an average return of 3.6% and a 49.5% success rate. Cherny covers the Healthcare sector, focusing on stocks such as Walgreens Boots Alliance, Patterson Companies, and Hims & Hers Health.

Currently, the analyst consensus on GoodRx Holdings is a Moderate Buy with an average price target of $9.43, a 17.0% upside from current levels. In a report issued on May 16, Raymond James also upgraded the stock to Buy with a $10.00 price target.

NewAmsterdam Pharma Company (NAMS)

Leerink Partners analyst Roanna Ruiz maintained a Buy rating on NewAmsterdam Pharma Company on May 17 and set a price target of $37.00. The company’s shares closed last Friday at $20.09.

According to TipRanks.com, Ruiz is ranked 0 out of 5 stars with an average return of -15.4% and a 36.8% success rate. Ruiz covers the Healthcare sector, focusing on stocks such as Lexicon Pharmaceuticals, Enanta Pharmaceuticals, and Aquestive Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NewAmsterdam Pharma Company with a $37.00 average price target, an 85.1% upside from current levels. In a report issued on May 8, RBC Capital also maintained a Buy rating on the stock with a $31.00 price target.

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