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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Sun May 24, 7:56PM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on BioMarin Pharmaceutical (BMRN), Twist Bioscience (TWST) and Biogen (BIIB) with bullish sentiments.

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BioMarin Pharmaceutical (BMRN)

In a report issued on May 22, Christopher Raymond from Raymond James maintained a Buy rating on BioMarin Pharmaceutical. The company’s shares closed last Friday at $54.09.

According to TipRanks.com, Raymond is a 3-star analyst with an average return of 1.4% and a 43.7% success rate. Raymond covers the Healthcare sector, focusing on stocks such as Biohaven Ltd., Alumis Inc., and Climb Bio. ;'>

Currently, the analyst consensus on BioMarin Pharmaceutical is a Moderate Buy with an average price target of $87.26, a 61.5% upside from current levels. In a report issued on May 15, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $75.00 price target.

See the top stocks recommended by analysts >>

Twist Bioscience (TWST)

In a report issued on May 22, Subbu Nambi from Guggenheim maintained a Buy rating on Twist Bioscience, with a price target of $60.00. The company’s shares closed last Friday at $60.57, close to its 52-week high of $60.90.

According to TipRanks.com, Nambi is a 5-star analyst with an average return of 19.4% and a 58.7% success rate. Nambi covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, BillionToOne, Inc. Class A, and Adaptive Biotechnologies. ;'>

Twist Bioscience has an analyst consensus of Strong Buy, with a price target consensus of $63.43, representing an 8.4% upside. In a report issued on May 22, TD Cowen also reiterated a Buy rating on the stock with a $68.00 price target.

Biogen (BIIB)

In a report issued on May 22, Mohit Bansal from Wells Fargo maintained a Buy rating on Biogen, with a price target of $250.00. The company’s shares closed last Friday at $193.76.

According to TipRanks.com, Bansal is a 5-star analyst with an average return of 10.3% and a 58.4% success rate. Bansal covers the Healthcare sector, focusing on stocks such as Mineralys Therapeutics, Inc., BioMarin Pharmaceutical, and Vertex Pharmaceuticals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Biogen with a $218.76 average price target, which is a 14.8% upside from current levels. In a report issued on May 15, Evercore ISI also initiated coverage with a Buy rating on the stock.

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