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Analysts Conflicted on These Healthcare Names: Rani Therapeutics Holdings (RANI) and Apellis Pharmaceuticals (APLS)

Tipranks - Thu Apr 2, 9:06AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Rani Therapeutics Holdings (RANI) and Apellis Pharmaceuticals (APLS).

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Rani Therapeutics Holdings (RANI)

In a report issued on March 30, Michael Okunewitch from Maxim Group maintained a Buy rating on Rani Therapeutics Holdings, with a price target of $5.00. The company’s shares closed last Wednesday at $0.69.

According to TipRanks.com, Okunewitch has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.0% and a 36.2% success rate. Okunewitch covers the Healthcare sector, focusing on stocks such as Radiopharm Theranostics Limited Sponsored ADR, BioRestorative Therapies, and Kiora Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rani Therapeutics Holdings with a $7.00 average price target, which is an 844.7% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $5.00 price target.

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Apellis Pharmaceuticals (APLS)

In a report released today, Graig Suvannavejh from Mizuho Securities maintained a Hold rating on Apellis Pharmaceuticals, with a price target of $41.00. The company’s shares closed last Wednesday at $40.40.

According to TipRanks.com, Suvannavejh is a 5-star analyst with an average return of 19.5% and a 47.0% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, Neumora Therapeutics, Inc., and Amylyx Pharmaceuticals Inc. ;'>

Apellis Pharmaceuticals has an analyst consensus of Hold, with a price target consensus of $35.89, which is a -11.1% downside from current levels. In a report released yesterday, Needham also downgraded the stock to Hold.

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