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Analysts Are Bullish on Top Healthcare Stocks: Incyte (INCY), Pharvaris (PHVS)

Tipranks - Tue Jun 16, 8:17AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Incyte (INCY) and Pharvaris (PHVS) with bullish sentiments.

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Incyte (INCY)

TD Cowen analyst Marc Frahm maintained a Buy rating on Incyte today and set a price target of $124.00. The company’s shares closed last Friday at $108.53.

According to TipRanks.com, Frahm is a 5-star analyst with an average return of 19.9% and a 51.3% success rate. Frahm covers the Healthcare sector, focusing on stocks such as Black Diamond Therapeutics, Acrivon Therapeutics, Inc., and Monte Rosa Therapeutics. ;'>

Incyte has an analyst consensus of Moderate Buy, with a price target consensus of $111.87, which is a 3.7% upside from current levels. In a report issued on June 8, TipRanks – Anthropic also upgraded the stock to Buy with a $114.00 price target.

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Pharvaris (PHVS)

In a report released today, Maxwell Skor from Morgan Stanley maintained a Buy rating on Pharvaris, with a price target of $41.00. The company’s shares closed last Friday at $30.72.

According to TipRanks.com, Skor is a 4-star analyst with an average return of 15.6% and a 61.5% success rate. Skor covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Monopar Therapeutics Inc, and Crispr Therapeutics AG. ;'>

Currently, the analyst consensus on Pharvaris is a Strong Buy with an average price target of $49.10, a 51.9% upside from current levels. In a report issued on June 11, JonesTrading also maintained a Buy rating on the stock with a $52.00 price target.

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