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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Wed Jan 14, 9:52AM CST

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Nuvalent (NUVLResearch Report), Carlsmed, Inc. (CARLResearch Report) and AbCellera Biologics (ABCLResearch Report) with bullish sentiments.

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Nuvalent (NUVL)

Truist Financial analyst Gregory Renza maintained a Buy rating on Nuvalent today. The company’s shares closed last Tuesday at $99.75.

According to TipRanks.com, Renza is a 5-star analyst with an average return of 23.2% and a 50.2% 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. ;'>

Nuvalent has an analyst consensus of Strong Buy, with a price target consensus of $140.33, representing a 42.6% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a $133.00 price target.

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Carlsmed, Inc. (CARL)

Truist Financial analyst Richard Newitter maintained a Buy rating on Carlsmed, Inc. today. The company’s shares closed last Tuesday at $14.41.

According to TipRanks.com, Newitter is a 5-star analyst with an average return of 12.3% and a 54.0% success rate. Newitter covers the Healthcare sector, focusing on stocks such as Inspire Medical Systems, Treace Medical Concepts, and Zimmer Biomet Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carlsmed, Inc. with a $20.67 average price target, representing a 40.7% upside. In a report issued on January 9, Goldman Sachs also maintained a Buy rating on the stock with a $20.00 price target.

AbCellera Biologics (ABCL)

In a report released today, Srikripa Devarakonda from Truist Financial maintained a Buy rating on AbCellera Biologics. The company’s shares closed last Tuesday at $4.26.

According to TipRanks.com, Devarakonda is a 5-star analyst with an average return of 17.2% and a 56.7% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Protagonist Therapeutics, and MBX Biosciences, Inc. ;'>

AbCellera Biologics has an analyst consensus of Strong Buy, with a price target consensus of $6.67.

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