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Analysts Have Conflicting Sentiments on These Healthcare Companies: Entrada Therapeutics Inc (TRDA), Apellis Pharmaceuticals (APLS) and MoonLake Immunotherapeutics (MLTX)

Tipranks - Wed Apr 1, 12:00PM CDT

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Entrada Therapeutics Inc (TRDA), Apellis Pharmaceuticals (APLS) and MoonLake Immunotherapeutics (MLTX).

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Entrada Therapeutics Inc (TRDA)

William Blair analyst Myles Minter maintained a Buy rating on Entrada Therapeutics Inc today. The company’s shares closed last Tuesday at $12.40.

According to TipRanks.com, Minter is a top 100 analyst with an average return of 34.2% and a 60.4% success rate. Minter covers the Healthcare sector, focusing on stocks such as Contineum Therapeutics, Inc. Class A, CAMP4 Therapeutics Corporation, and Neumora Therapeutics, Inc. ;'>

Entrada Therapeutics Inc has an analyst consensus of Strong Buy, with a price target consensus of $20.00, which is a 65.0% upside from current levels. In a report issued on March 23, TD Cowen also maintained a Buy rating on the stock.

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Apellis Pharmaceuticals (APLS)

In a report released today, Judah Frommer from Morgan Stanley maintained a Hold rating on Apellis Pharmaceuticals, with a price target of $41.00. The company’s shares closed last Tuesday at $40.27.

According to TipRanks.com, Frommer is a 2-star analyst with an average return of -0.2% and a 50.4% success rate. Frommer covers the Healthcare sector, focusing on stocks such as 4D Molecular Therapeutics, Bicara Therapeutics Inc., and Abivax SA Sponsored ADR. ;'>

Currently, the analyst consensus on Apellis Pharmaceuticals is a Moderate Buy with an average price target of $33.69, which is a -16.6% downside from current levels. In a report released today, Robert W. Baird also downgraded the stock to Hold with a $41.00 price target.

MoonLake Immunotherapeutics (MLTX)

TD Cowen analyst Phil Nadeau maintained a Buy rating on MoonLake Immunotherapeutics yesterday. The company’s shares closed last Tuesday at $18.70.

According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 8.8% and a 48.3% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as XOMA Royalty Corporation, Apellis Pharmaceuticals, and BioMarin Pharmaceutical. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MoonLake Immunotherapeutics with a $28.57 average price target, representing a 65.7% upside. In a report issued on March 19, Rothschild & Co Redburn also upgraded the stock to Buy with a $40.00 price target.

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