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Analysts Offer Insights on Healthcare Companies: Owlet (OWLT), Praxis Precision Medicines (PRAX) and Sarepta Therapeutics (SRPT)

Tipranks - Fri Jun 19, 6:54AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Owlet (OWLT), Praxis Precision Medicines (PRAX) and Sarepta Therapeutics (SRPT).

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Owlet (OWLT)

Northland Securities analyst Owen Rickert maintained a Buy rating on Owlet today and set a price target of $13.00. The company’s shares closed last Wednesday at $4.66.

According to TipRanks.com, Rickert is a 2-star analyst with an average return of 0.6% and a 50.7% success rate. Rickert covers the NA sector, focusing on stocks such as Savers Value Village Inc., Life Time Group Holdings, and Barnes & Noble Education. ;'>

Currently, the analyst consensus on Owlet is a Strong Buy with an average price target of $13.33.

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Praxis Precision Medicines (PRAX)

In a report released today, Yasmeen Rahimi from Piper Sandler maintained a Buy rating on Praxis Precision Medicines, with a price target of $1200.00. The company’s shares closed last Wednesday at $270.01.

According to TipRanks.com, Rahimi is a 5-star analyst with an average return of 28.3% and a 45.8% success rate. Rahimi covers the Healthcare sector, focusing on stocks such as First Tracks Biotherapeutics Inc, NewAmsterdam Pharma Company, and Crinetics Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Praxis Precision Medicines with a $613.56 average price target, implying a 136.8% upside from current levels. In a report released yesterday, RBC Capital also initiated coverage with a Buy rating on the stock with a $449.00 price target.

Sarepta Therapeutics (SRPT)

In a report released today, Brian Abrahams from RBC Capital maintained a Hold rating on Sarepta Therapeutics, with a price target of $19.00. The company’s shares closed last Wednesday at $16.96.

According to TipRanks.com, Abrahams is a 5-star analyst with an average return of 11.0% and a 52.7% success rate. Abrahams covers the Healthcare sector, focusing on stocks such as Contineum Therapeutics, Inc. Class A, Aardvark Therapeutics, Inc., and MoonLake Immunotherapeutics. ;'>

Sarepta Therapeutics has an analyst consensus of Hold, with a price target consensus of $22.81, implying a 41.2% upside from current levels. In a report issued on June 3, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $18.50 price target.

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