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Analysts Have Conflicting Sentiments on These Healthcare Companies: Nuvalent (NUVL), Abbott Laboratories (ABT) and Abivax SA Sponsored ADR (ABVX)

Tipranks - Wed Jun 3, 5:00AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Nuvalent (NUVL), Abbott Laboratories (ABT) and Abivax SA Sponsored ADR (ABVX).

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Nuvalent (NUVL)

Wells Fargo analyst Eva Fortea Verdejo maintained a Buy rating on Nuvalent yesterday and set a price target of $116.00. The company’s shares closed last Monday at $93.01.

According to TipRanks.com, Verdejo is a 5-star analyst with an average return of 41.3% and a 75.4% success rate. Verdejo covers the Healthcare sector, focusing on stocks such as Bicara Therapeutics Inc., Zentalis Pharmaceuticals, and Kiniksa Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nuvalent with a $143.44 average price target, representing a 29.8% upside. In a report issued on May 22, Canaccord Genuity also maintained a Buy rating on the stock with a $126.00 price target.

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Abbott Laboratories (ABT)

In a report released yesterday, Larry Biegelsen from Wells Fargo maintained a Buy rating on Abbott Laboratories, with a price target of $109.00. The company’s shares closed last Monday at $87.78.

According to TipRanks.com, Biegelsen is a 2-star analyst with an average return of 0.3% and a 47.0% success rate. Biegelsen covers the Healthcare sector, focusing on stocks such as Anteris Technologies Global Corp., Inspire Medical Systems, and Zimmer Biomet Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Abbott Laboratories with a $119.76 average price target, which is a 39.6% upside from current levels. In a report issued on May 29, Piper Sandler also maintained a Buy rating on the stock with a $115.00 price target.

Abivax SA Sponsored ADR (ABVX)

Jefferies analyst Faisal Khurshid downgraded Abivax SA Sponsored ADR to Hold yesterday and set a price target of $90.00. The company’s shares closed last Monday at $129.69.

According to TipRanks.com, Khurshid is a 5-star analyst with an average return of 68.6% and a 62.1% success rate. Khurshid covers the Healthcare sector, focusing on stocks such as 4D Molecular Therapeutics, Syndax Pharmaceuticals, and Viridian Therapeutics. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Abivax SA Sponsored ADR with a $148.13 average price target, implying an 11.3% upside from current levels. In a report issued on May 18, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $112.00 price target.

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