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Analysts Offer Insights on Healthcare Companies: Zymeworks (ZYME), Amylyx Pharmaceuticals Inc (AMLX) and AbCellera Biologics (ABCL)

Tipranks - Fri Jun 19, 7:42AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Zymeworks (ZYME), Amylyx Pharmaceuticals Inc (AMLX) and AbCellera Biologics (ABCL) with bullish sentiments.

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Zymeworks (ZYME)

In a report released today, Gregory Renza from Truist Financial maintained a Buy rating on Zymeworks. The company’s shares closed last Wednesday at $23.14.

According to TipRanks.com, Renza is a 5-star analyst with an average return of 15.8% and a 47.2% success rate. Renza covers the Healthcare sector, focusing on stocks such as Ascentage Pharma Group International Unsponsored ADR, Perspective Therapeutics, and Abivax SA Sponsored ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zymeworks with a $38.71 average price target, which is a 71.1% upside from current levels. In a report issued on June 3, H.C. Wainwright also reiterated a Buy rating on the stock with a $46.00 price target.

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Amylyx Pharmaceuticals Inc (AMLX)

Goldman Sachs analyst Corinne Johnson maintained a Buy rating on Amylyx Pharmaceuticals Inc today and set a price target of $23.00. The company’s shares closed last Wednesday at $15.25.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 8.6% and a 55.6% success rate. Johnson covers the Healthcare sector, focusing on stocks such as Rhythm Pharmaceuticals, Syndax Pharmaceuticals, and Oric Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amylyx Pharmaceuticals Inc with a $24.86 average price target, implying a 64.4% upside from current levels. In a report issued on June 16, H.C. Wainwright also maintained a Buy rating on the stock with a $34.00 price target.

AbCellera Biologics (ABCL)

BMO Capital analyst Evan Seigerman maintained a Buy rating on AbCellera Biologics yesterday and set a price target of $7.00. The company’s shares closed last Wednesday at $5.44.

According to TipRanks.com, Seigerman is a 4-star analyst with an average return of 7.0% and a 52.4% success rate. Seigerman covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Vertex Pharmaceuticals, and ACADIA Pharmaceuticals. ;'>

Currently, the analyst consensus on AbCellera Biologics is a Strong Buy with an average price target of $9.40.

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