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Analysts Offer Insights on Healthcare Companies: Gilead Sciences (GILD), Ultragenyx Pharmaceutical (RARE) and Beam Therapeutics (BEAM)

Tipranks - Thu Aug 6, 9:42AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Gilead Sciences (GILD), Ultragenyx Pharmaceutical (RARE) and Beam Therapeutics (BEAM).

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Gilead Sciences (GILD)

In a report released today, Umer Raffat from Evercore ISI maintained a Buy rating on Gilead Sciences. The company’s shares closed last Wednesday at $132.11.

According to TipRanks.com, Raffat is a 4-star analyst with an average return of 9.4% and a 51.0% success rate. Raffat covers the Healthcare sector, focusing on stocks such as Kailera Therapeutics, Inc., Parabilis Medicines, Inc., and Elanco Animal Health. ;'>

Currently, the analyst consensus on Gilead Sciences is a Strong Buy with an average price target of $159.00, a 16.9% upside from current levels. In a report issued on July 22, Bernstein also maintained a Buy rating on the stock with a $160.00 price target.

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Ultragenyx Pharmaceutical (RARE)

Wedbush analyst Laura Chico maintained a Hold rating on Ultragenyx Pharmaceutical today and set a price target of $30.00. The company’s shares closed last Wednesday at $25.00.

According to TipRanks.com, Chico is a 5-star analyst with an average return of 15.0% and a 54.1% success rate. Chico covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Maze Therapeutics, Inc., and Alto Neuroscience, Inc. ;'>

Currently, the analyst consensus on Ultragenyx Pharmaceutical is a Strong Buy with an average price target of $52.07, representing an 82.8% upside. In a report issued on July 25, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $29.00 price target.

Beam Therapeutics (BEAM)

In a report released today, David Nierengarten from Wedbush maintained a Buy rating on Beam Therapeutics, with a price target of $65.00. The company’s shares closed last Wednesday at $27.54.

According to TipRanks.com, Nierengarten is a 5-star analyst with an average return of 22.6% and a 54.7% success rate. Nierengarten covers the Healthcare sector, focusing on stocks such as BridgeBio Oncology Therapeutics, Odyssey Therapeutics, Inc., and Perspective Therapeutics. ;'>

Currently, the analyst consensus on Beam Therapeutics is a Strong Buy with an average price target of $53.27, implying an 87.4% upside from current levels. In a report released yesterday, JonesTrading also maintained a Buy rating on the stock with a price target.

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