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Analysts Offer Insights on Healthcare Companies: Summit Therapeutics (SMMT) and Hims & Hers Health (HIMS)

Tipranks - Wed Feb 25, 4:52AM CST

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Summit Therapeutics (SMMTResearch Report) and Hims & Hers Health (HIMSResearch Report).

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Summit Therapeutics (SMMT)

Citi analyst Yigal Nochomovitz maintained a Buy rating on Summit Therapeutics today and set a price target of $40.00. The company’s shares closed last Monday at $16.09.

According to TipRanks.com, Nochomovitz is a 3-star analyst with an average return of 2.2% and a 38.7% success rate. Nochomovitz covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Apellis Pharmaceuticals, and Lexicon Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Summit Therapeutics with a $35.00 average price target, representing a 122.2% upside. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $18.00 price target.

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Hims & Hers Health (HIMS)

Citi analyst Daniel Grosslight reiterated a Sell rating on Hims & Hers Health today and set a price target of $13.25. The company’s shares closed last Monday at $15.51, close to its 52-week low of $11.20.

According to TipRanks.com, Grosslight is a 3-star analyst with an average return of 2.2% and a 43.5% success rate. Grosslight covers the Healthcare sector, focusing on stocks such as Cardinal Health, GoodRx Holdings, and Accendra Health. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Hims & Hers Health with a $32.03 average price target, implying a 102.8% upside from current levels. In a report issued on February 19, Bank of America Securities also maintained a Sell rating on the stock with a $13.00 price target.

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