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Analysts Offer Insights on Healthcare Companies: Medtronic (MDT), Immunovant (IMVT) and Biogen (BIIB)

Tipranks - Fri Apr 17, 6:14AM CDT

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Medtronic (MDT), Immunovant (IMVT) and Biogen (BIIB).

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Medtronic (MDT)

Piper Sandler analyst Matthew O’Brien reiterated a Hold rating on Medtronic today and set a price target of $91.00. The company’s shares closed last Wednesday at $87.10.

According to TipRanks.com, O’Brien is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.7% and a 34.8% success rate. O’Brien covers the Healthcare sector, focusing on stocks such as Kestra Medical Technologies Ltd., Shoulder Innovations, Inc., and Adagio Medical Holdings. ;'>

Medtronic has an analyst consensus of Moderate Buy, with a price target consensus of $107.68, which is a 22.6% upside from current levels. In a report issued on April 6, Stifel Nicolaus also maintained a Hold rating on the stock with a $95.00 price target.

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Immunovant (IMVT)

Piper Sandler analyst Yasmeen Rahimi reiterated a Buy rating on Immunovant today and set a price target of $66.00. The company’s shares closed last Wednesday at $27.43.

According to TipRanks.com, Rahimi is a 5-star analyst with an average return of 31.2% and a 48.4% success rate. Rahimi covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Praxis Precision Medicines, and Crinetics Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Immunovant with a $41.57 average price target, which is a 54.6% upside from current levels. In a report issued on April 6, LifeSci Capital also maintained a Buy rating on the stock with a $42.00 price target.

Biogen (BIIB)

In a report released today, Yatin Suneja from Guggenheim reiterated a Buy rating on Biogen, with a price target of $246.00. The company’s shares closed last Wednesday at $180.54.

According to TipRanks.com, Suneja is a 5-star analyst with an average return of 32.4% and a 59.0% success rate. Suneja covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, MoonLake Immunotherapeutics, and Neumora Therapeutics, Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Biogen with a $206.61 average price target, implying a 15.2% upside from current levels. In a report issued on April 7, RBC Capital also maintained a Buy rating on the stock with a $213.00 price target.

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