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Analysts Conflicted on These Healthcare Names: TransMedics Group (TMDX), Erasca (ERAS) and Incyte (INCY)

Tipranks - Wed Jun 10, 5:48AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on TransMedics Group (TMDX), Erasca (ERAS) and Incyte (INCY).

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TransMedics Group (TMDX)

Needham analyst Michael Matson maintained a Buy rating on TransMedics Group today and set a price target of $142.00. The company’s shares closed last Monday at $71.14, close to its 52-week low of $55.00.

According to TipRanks.com, Matson is a 3-star analyst with an average return of 1.1% and a 44.4% success rate. Matson covers the Healthcare sector, focusing on stocks such as Insight Molecular Diagnostics, Establishment Labs Holdings, and Zimmer Biomet Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TransMedics Group with a $119.63 average price target, a 72.9% upside from current levels. In a report issued on June 5, William Blair also maintained a Buy rating on the stock.

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Erasca (ERAS)

In a report released yesterday, Alec Stranahan from Bank of America Securities maintained a Hold rating on Erasca, with a price target of $16.00. The company’s shares closed last Monday at $12.87.

According to TipRanks.com, Stranahan is a 4-star analyst with an average return of 3.9% and a 45.4% success rate. Stranahan covers the Healthcare sector, focusing on stocks such as Recursion Pharmaceuticals, Perspective Therapeutics, and Crispr Therapeutics AG. ;'>

Currently, the analyst consensus on Erasca is a Strong Buy with an average price target of $21.00, which is a 67.6% upside from current levels. In a report issued on May 28, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $12.00 price target.

Incyte (INCY)

In a report released yesterday, Judah Frommer from Morgan Stanley maintained a Hold rating on Incyte, with a price target of $103.00. The company’s shares closed last Monday at $100.64.

According to TipRanks.com, Frommer is a 1-star analyst with an average return of -1.4% and a 50.4% success rate. Frommer covers the Healthcare sector, focusing on stocks such as Lakefront Biotherapeutics, 4D Molecular Therapeutics, and Bicara Therapeutics Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Incyte with a $110.06 average price target, implying a 7.1% upside from current levels. In a report released yesterday, William Blair also maintained a Hold rating on the stock.

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