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Analysts Offer Insights on Healthcare Companies: CytomX Therapeutics (CTMX) and Illumina (ILMN)

Tipranks - Tue Mar 10, 6:26AM CDT

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on CytomX Therapeutics (CTMXResearch Report) and Illumina (ILMNResearch Report).

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CytomX Therapeutics (CTMX)

In a report released yesterday, Michael Schmidt from Guggenheim reiterated a Buy rating on CytomX Therapeutics, with a price target of $10.00. The company’s shares closed last Friday at $4.68.

According to TipRanks.com, Schmidt is a 5-star analyst with an average return of 30.4% and a 55.3% success rate. Schmidt covers the Healthcare sector, focusing on stocks such as ArriVent BioPharma, Inc., Monte Rosa Therapeutics, and Revolution Medicines. ;'>

CytomX Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $9.50, implying a 104.7% upside from current levels. In a report issued on February 26, Barclays also maintained a Buy rating on the stock with a $10.00 price target.

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Illumina (ILMN)

In a report released yesterday, Kyle Mikson CFA from Canaccord Genuity maintained a Hold rating on Illumina, with a price target of $150.00. The company’s shares closed last Friday at $124.62.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.2% and a 36.7% success rate. CFA covers the Healthcare sector, focusing on stocks such as Caris Life Sciences, Inc., Tempus AI, Inc. Class A, and Pacific Biosciences. ;'>

Currently, the analyst consensus on Illumina is a Hold with an average price target of $129.81, implying a 2.4% upside from current levels. In a report issued on March 2, TipRanks – PerPlexity also downgraded the stock to Hold with a $145.00 price target.

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