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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Tue Feb 3, 6:08AM CST

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Vaxcyte (PCVXResearch Report), Cigna (CIResearch Report) and Alphatec Holdings (ATECResearch Report) with bullish sentiments.

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Vaxcyte (PCVX)

In a report released yesterday, Seamus Fernandez from Guggenheim reiterated a Buy rating on Vaxcyte, with a price target of $116.00. The company’s shares closed last Friday at $53.57.

According to TipRanks.com, Fernandez is a 5-star analyst with an average return of 30.5% and a 64.5% success rate. Fernandez covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Amylyx Pharmaceuticals Inc, and Arcutis Biotherapeutics. ;'>

Currently, the analyst consensus on Vaxcyte is a Strong Buy with an average price target of $104.80, implying an 89.7% upside from current levels. In a report issued on January 23, Needham also maintained a Buy rating on the stock with a $110.00 price target.

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Cigna (CI)

Guggenheim analyst Jason Cassorla maintained a Buy rating on Cigna today and set a price target of $318.00. The company’s shares closed last Friday at $274.11, close to its 52-week low of $262.03.

According to TipRanks.com, Cassorla has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.2% and a 47.8% success rate. Cassorla covers the Healthcare sector, focusing on stocks such as Ardent Health Partners, Inc., Acadia Healthcare, and Universal Health. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cigna with a $332.08 average price target, a 22.3% upside from current levels. In a report issued on January 22, RBC Capital also maintained a Buy rating on the stock with a $344.00 price target.

Alphatec Holdings (ATEC)

Canaccord Genuity analyst Caitlin Roberts maintained a Buy rating on Alphatec Holdings today and set a price target of $25.00. The company’s shares closed last Friday at $14.83.

According to TipRanks.com, Roberts is a 3-star analyst with an average return of 17.5% and a 61.5% success rate. Roberts covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Smith & Nephew Snats, and REPRO-MED Systems. ;'>

Alphatec Holdings has an analyst consensus of Strong Buy, with a price target consensus of $24.33, implying a 62.2% upside from current levels. In a report issued on January 20, Lake Street also maintained a Buy rating on the stock with a $25.00 price target.

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