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Analysts Offer Insights on Healthcare Companies: Incyte (INCY), Nuvalent (NUVL) and Viking Therapeutics (VKTX)

Tipranks - Wed Jun 10, 6:52AM CDT

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Incyte (INCY), Nuvalent (NUVL) and Viking Therapeutics (VKTX).

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Incyte (INCY)

Truist Financial analyst Srikripa Devarakonda maintained a Hold rating on Incyte today. The company’s shares closed last Monday at $100.64.

According to TipRanks.com, Devarakonda is a 5-star analyst with an average return of 17.2% and a 56.9% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Aveanna Healthcare Holdings, and Protagonist Therapeutics. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Incyte with a $110.06 average price target, 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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Nuvalent (NUVL)

Truist Financial analyst Gregory Renza maintained a Buy rating on Nuvalent today. The company’s shares closed last Monday at $88.49.

According to TipRanks.com, Renza is a 5-star analyst with an average return of 14.3% and a 43.1% success rate. Renza covers the Healthcare sector, focusing on stocks such as Ascentage Pharma Group International Unsponsored ADR, Perspective Therapeutics, and Abivax SA Sponsored ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nuvalent with a $141.60 average price target, a 56.5% upside from current levels. In a report issued on May 26, LifeSci Capital also maintained a Buy rating on the stock with a $142.00 price target.

Viking Therapeutics (VKTX)

William Blair analyst Andy Hsieh reiterated a Buy rating on Viking Therapeutics today. The company’s shares closed last Monday at $29.24, close to its 52-week low of $24.41.

According to TipRanks.com, Hsieh is a 4-star analyst with an average return of 7.5% and a 42.7% success rate. Hsieh covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Aardvark Therapeutics, Inc., and Corbus Pharmaceuticals. ;'>

Currently, the analyst consensus on Viking Therapeutics is a Strong Buy with an average price target of $93.70, representing a 225.9% upside. In a report issued on May 27, Truist Financial also initiated coverage with a Buy rating on the stock with a $83.00 price target.

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