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Analysts Offer Insights on Healthcare Companies: BioLife Solutions (BLFS), Alkermes (ALKS) and Summit Therapeutics (SMMT)

Tipranks - Wed Feb 25, 2:44AM CST

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on BioLife Solutions (BLFSResearch Report), Alkermes (ALKSResearch Report) and Summit Therapeutics (SMMTResearch Report) with bullish sentiments.

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BioLife Solutions (BLFS)

Craig-Hallum analyst Matt Hewitt maintained a Buy rating on BioLife Solutions yesterday. The company’s shares closed last Monday at $22.88.

According to TipRanks.com, Hewitt ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -6.8% and a 36.3% success rate. Hewitt covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, Park Dental Partners, Inc., and Dyadic International. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BioLife Solutions with a $33.25 average price target, representing a 44.6% upside. In a report issued on February 12, Lake Street also maintained a Buy rating on the stock with a $33.00 price target.

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Alkermes (ALKS)

In a report released yesterday, Rudy Li from Wolfe Research initiated coverage with a Buy rating on Alkermes and a price target of $45.00. The company’s shares closed last Monday at $32.19.

According to TipRanks.com, Li is a 5-star analyst with an average return of 70.4% and a 54.0% success rate. Li covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Centessa Pharmaceuticals, and Definium Therapeutics. ;'>

Currently, the analyst consensus on Alkermes is a Strong Buy with an average price target of $44.44, implying a 40.5% upside from current levels. In a report issued on February 10, Jefferies also maintained a Buy rating on the stock with a $58.00 price target.

Summit Therapeutics (SMMT)

In a report released today, Tyler Van Buren from TD Cowen maintained a Buy rating on Summit Therapeutics. The company’s shares closed last Monday at $16.09.

According to TipRanks.com, Buren is a 5-star analyst with an average return of 19.1% and a 54.1% success rate. Buren covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Crinetics Pharmaceuticals, and Bicara Therapeutics Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Therapeutics with a $57.98 average price target.

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