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Analysts Conflicted on These Healthcare Names: Illumina (ILMN) and Ocular Therapeutix (OCUL)

Tipranks - Sat Feb 7, 11:14AM CST

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Illumina (ILMNResearch Report) and Ocular Therapeutix (OCULResearch Report).

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Illumina (ILMN)

Bank of America Securities analyst Michael Ryskin maintained a Sell rating on Illumina today. The company’s shares closed last Friday at $120.69.

According to TipRanks.com, Ryskin is a 4-star analyst with an average return of 4.4% and a 56.2% success rate. Ryskin covers the Healthcare sector, focusing on stocks such as West Pharmaceutical Services, Caris Life Sciences, Inc., and Tempus AI, Inc. Class A. ;'>

Currently, the analyst consensus on Illumina is a Hold with an average price target of $135.63, representing a 7.7% upside. In a report released today, Barclays also maintained a Sell rating on the stock with a $110.00 price target.

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Ocular Therapeutix (OCUL)

H.C. Wainwright analyst Yi Chen reiterated a Buy rating on Ocular Therapeutix today and set a price target of $21.00. The company’s shares closed last Friday at $9.06.

According to TipRanks.com, Chen is a 3-star analyst with an average return of 2.8% and a 44.5% success rate. Chen covers the Healthcare sector, focusing on stocks such as OKYO Pharma Limited Sponsored ADR, Virax Biolabs Group Ltd. Class A, and Orchestra BioMed Holdings. ;'>

Currently, the analyst consensus on Ocular Therapeutix is a Strong Buy with an average price target of $23.86, representing a 162.8% upside. In a report issued on January 28, Piper Sandler also maintained a Buy rating on the stock with a $31.00 price target.

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