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Analysts Offer Insights on Healthcare Companies: Insmed (INSM), Biogen (BIIB) and Vertex Pharmaceuticals (VRTX)

Tipranks - Thu Apr 2, 6:10AM CDT

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Insmed (INSM), Biogen (BIIB) and Vertex Pharmaceuticals (VRTX).

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Insmed (INSM)

Wells Fargo analyst Benjamin Burnett maintained a Buy rating on Insmed today and set a price target of $177.00. The company’s shares closed last Tuesday at $163.52.

According to TipRanks.com, Burnett is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.5% and a 38.5% success rate. Burnett covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Rapport Therapeutics, Inc., and Ultragenyx Pharmaceutical. ;'>

Currently, the analyst consensus on Insmed is a Strong Buy with an average price target of $211.61, which is a 37.5% upside from current levels. In a report issued on March 24, TipRanks – Google also upgraded the stock to Buy with a $159.00 price target.

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Biogen (BIIB)

In a report released yesterday, Thomas Shrader from BTIG maintained a Hold rating on Biogen. The company’s shares closed last Tuesday at $183.33.

According to TipRanks.com, Shrader is a 4-star analyst with an average return of 6.1% and a 39.9% success rate. Shrader covers the Healthcare sector, focusing on stocks such as Coya Therapeutics, Inc., Alto Neuroscience, Inc., and Acumen Pharmaceuticals. ;'>

Currently, the analyst consensus on Biogen is a Moderate Buy with an average price target of $206.70, a 15.2% upside from current levels. In a report issued on March 29, UBS also maintained a Hold rating on the stock with a $185.00 price target.

Vertex Pharmaceuticals (VRTX)

Wells Fargo analyst Mohit Bansal maintained a Buy rating on Vertex Pharmaceuticals today and set a price target of $550.00. The company’s shares closed last Tuesday at $446.54.

According to TipRanks.com, Bansal is a 5-star analyst with an average return of 9.2% and a 55.6% success rate. Bansal covers the Healthcare sector, focusing on stocks such as Mineralys Therapeutics, Inc., BioMarin Pharmaceutical, and Travere Therapeutics. ;'>

Vertex Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $556.74, representing a 25.6% upside. In a report issued on March 18, Maxim Group also upgraded the stock to Buy with a $575.00 price target.

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