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Analysts Offer Insights on Healthcare Companies: Ginkgo Bioworks Holdings (DNA) and Xenon (XENE)

Tipranks - Fri Feb 27, 8:04PM CST

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Ginkgo Bioworks Holdings (DNAResearch Report) and Xenon (XENEResearch Report) with bullish sentiments.

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Ginkgo Bioworks Holdings (DNA)

TD Cowen analyst Brendan Smith maintained a Buy rating on Ginkgo Bioworks Holdings yesterday and set a price target of $12.00. The company’s shares closed last Thursday at $9.71, close to its 52-week low of $5.26.

According to TipRanks.com, Smith is a 3-star analyst with an average return of 2.9% and a 45.1% success rate. Smith covers the Healthcare sector, focusing on stocks such as West Pharmaceutical Services, Recursion Pharmaceuticals, and AbCellera Biologics. ;'>

Currently, the analyst consensus on Ginkgo Bioworks Holdings is a Moderate Buy with an average price target of $12.00.

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Xenon (XENE)

TD Cowen analyst Joseph Thome maintained a Buy rating on Xenon yesterday. The company’s shares closed last Thursday at $44.92, close to its 52-week high of $46.00.

According to TipRanks.com, Thome is a 5-star analyst with an average return of 18.0% and a 56.8% success rate. Thome covers the Healthcare sector, focusing on stocks such as Rapport Therapeutics, Inc., Arrowhead Pharmaceuticals, and Entrada Therapeutics Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xenon with a $55.63 average price target, representing a 24.8% upside. In a report issued on February 23, Wolfe Research also initiated coverage with a Buy rating on the stock with a $60.00 price target.

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