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Analysts Offer Insights on Healthcare Companies: AbCellera Biologics (ABCL) and Revolution Medicines (RVMD)

Tipranks - Tue May 5, 10:36AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on AbCellera Biologics (ABCL) and Revolution Medicines (RVMD) with bullish sentiments.

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AbCellera Biologics (ABCL)

In a report released today, Debanjana Chatterjee from JonesTrading maintained a Buy rating on AbCellera Biologics, with a price target of $11.00. The company’s shares closed last Monday at $4.62, close to its 52-week high of $4.75.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 50.8% and a 70.7% success rate. Chatterjee covers the Healthcare sector, focusing on stocks such as Contineum Therapeutics, Inc. Class A, Sagimet Biosciences, Inc. Class A, and Sionna Therapeutics, Inc. ;'>

AbCellera Biologics has an analyst consensus of Strong Buy, with a price target consensus of $8.33, representing an 87.4% upside. In a report issued on April 23, BMO Capital also maintained a Buy rating on the stock with a $7.00 price target.

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Revolution Medicines (RVMD)

H.C. Wainwright analyst Robert Burns reiterated a Buy rating on Revolution Medicines today and set a price target of $169.00. The company’s shares closed last Monday at $145.20.

According to TipRanks.com, Burns is a 5-star analyst with an average return of 19.9% and a 49.2% success rate. Burns covers the Healthcare sector, focusing on stocks such as BridgeBio Oncology Therapeutics, Black Diamond Therapeutics, and ArriVent BioPharma, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Revolution Medicines with a $172.41 average price target, a 22.1% upside from current levels. In a report issued on April 19, J.P. Morgan also maintained a Buy rating on the stock with a $175.00 price target.

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