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Analysts Conflicted on These Healthcare Names: Cronos Group (CRON), Savara (SVRA) and Alkermes (ALKS)

Tipranks - Wed May 13, 7:40AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Cronos Group (CRON), Savara (SVRA) and Alkermes (ALKS).

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Cronos Group (CRON)

In a report released today, Nadine Sarwat from Bernstein assigned a Hold rating to Cronos Group. The company’s shares closed last Monday at $2.75.

According to TipRanks.com, Sarwat is a 1-star analyst with an average return of -3.3% and a 39.2% success rate. Sarwat covers the Consumer Goods sector, focusing on stocks such as Becle Sab De Cv, Brown-Forman B, and Molson Coors. ;'>

Currently, the analyst consensus on Cronos Group is a Moderate Buy with an average price target of $3.29.

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Savara (SVRA)

LifeSci Capital analyst Francois Brisebois maintained a Buy rating on Savara today and set a price target of $9.00. The company’s shares closed last Monday at $5.12, close to its 52-week high of $5.34.

According to TipRanks.com, Brisebois is a 3-star analyst with an average return of 1.9% and a 40.5% success rate. Brisebois covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Centessa Pharmaceuticals, and Aquestive Therapeutics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Savara with a $11.00 average price target, implying an 111.1% upside from current levels. In a report issued on May 5, Piper Sandler also maintained a Buy rating on the stock with a $16.00 price target.

Alkermes (ALKS)

Mizuho Securities analyst Uy Ear reiterated a Buy rating on Alkermes today and set a price target of $53.00. The company’s shares closed last Monday at $35.47, close to its 52-week high of $36.45.

According to TipRanks.com, Ear is a 3-star analyst with an average return of 2.2% and a 42.4% success rate. Ear covers the Healthcare sector, focusing on stocks such as Arcutis Biotherapeutics, ACADIA Pharmaceuticals, and Cartesian Therapeutics. ;'>

Currently, the analyst consensus on Alkermes is a Strong Buy with an average price target of $45.45, a 29.0% upside from current levels. In a report issued on May 5, TipRanks – OpenAI also upgraded the stock to Buy with a $38.00 price target.

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