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Analysts’ Opinions Are Mixed on These Healthcare Stocks: Evolent Health (EVH), Medtronic (MDT) and Cytokinetics (CYTK)

Tipranks - Thu Feb 26, 8:04AM CST

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Evolent Health (EVHResearch Report), Medtronic (MDTResearch Report) and Cytokinetics (CYTKResearch Report).

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Evolent Health (EVH)

Truist Financial analyst Jailendra Singh maintained a Buy rating on Evolent Health today. The company’s shares closed last Tuesday at $2.56.

According to TipRanks.com, Singh ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.3% and a 31.2% success rate. Singh covers the Healthcare sector, focusing on stocks such as Hinge Health, Inc. Class A, Fortrea Holdings Inc., and Medline, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evolent Health with a $5.75 average price target, representing a 107.6% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $4.00 price target.

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Medtronic (MDT)

Truist Financial analyst Richard Newitter maintained a Hold rating on Medtronic today. The company’s shares closed last Tuesday at $96.75.

According to TipRanks.com, Newitter is a 5-star analyst with an average return of 10.1% and a 50.7% success rate. Newitter covers the Healthcare sector, focusing on stocks such as Inspire Medical Systems, Treace Medical Concepts, and Zimmer Biomet Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medtronic with a $113.64 average price target, which is a 15.3% upside from current levels. In a report issued on February 17, TipRanks – xAI also downgraded the stock to Hold with a $107.00 price target.

Cytokinetics (CYTK)

In a report released today, Srikripa Devarakonda from Truist Financial maintained a Buy rating on Cytokinetics. The company’s shares closed last Tuesday at $70.10, close to its 52-week high of $75.71.

According to TipRanks.com, Devarakonda is a 5-star analyst with an average return of 17.9% and a 58.7% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Protagonist Therapeutics, and Edgewise Therapeutics. ;'>

Currently, the analyst consensus on Cytokinetics is a Strong Buy with an average price target of $93.08, representing a 36.0% upside. In a report issued on February 19, Barclays also maintained a Buy rating on the stock with a $87.00 price target.

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