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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Tue Mar 31, 7:12AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Merck & Company (MRK), OmniAb (OABI) and Boston Scientific (BSX) with bullish sentiments.

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Merck & Company (MRK)

In a report released yesterday, Evan Seigerman from BMO Capital maintained a Buy rating on Merck & Company, with a price target of $135.00. The company’s shares closed last Friday at $119.63.

According to TipRanks.com, Seigerman is a 5-star analyst with an average return of 8.3% and a 52.2% success rate. Seigerman covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Vertex Pharmaceuticals, and Terns Pharmaceuticals. ;'>

Currently, the analyst consensus on Merck & Company is a Moderate Buy with an average price target of $131.36, which is a 10.1% upside from current levels. In a report issued on March 19, Scotiabank also maintained a Buy rating on the stock with a $136.00 price target.

See the top stocks recommended by analysts >>

OmniAb (OABI)

Truist Financial analyst Srikripa Devarakonda maintained a Buy rating on OmniAb today. The company’s shares closed last Friday at $1.51.

According to TipRanks.com, Devarakonda is a 5-star analyst with an average return of 15.1% and a 51.9% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Protagonist Therapeutics, and Madrigal Pharmaceuticals. ;'>

OmniAb has an analyst consensus of Strong Buy, with a price target consensus of $7.67.

Boston Scientific (BSX)

In a report released today, Vijay Kumar from Evercore ISI maintained a Buy rating on Boston Scientific, with a price target of $96.00. The company’s shares closed last Friday at $69.17, close to its 52-week low of $66.80.

According to TipRanks.com, Kumar is a 2-star analyst with an average return of 0.0% and a 44.2% success rate. Kumar covers the Healthcare sector, focusing on stocks such as GE Healthcare Technologies Inc, West Pharmaceutical Services, and Bausch + Lomb Corporation. ;'>

Currently, the analyst consensus on Boston Scientific is a Strong Buy with an average price target of $105.14, implying a 50.1% upside from current levels. In a report issued on March 18, Truist Financial also maintained a Buy rating on the stock.

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