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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Thu Apr 16, 7:18AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Ovid Therapeutics (OVID), Ascentage Pharma Group International Unsponsored ADR (AAPG) and Johnson & Johnson (JNJ) with bullish sentiments.

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Ovid Therapeutics (OVID)

In a report released today, Francois Brisebois from LifeSci Capital reiterated a Buy rating on Ovid Therapeutics, with a price target of $5.00. The company’s shares closed last Tuesday at $2.96, close to its 52-week high of $3.45.

According to TipRanks.com, Brisebois is a 3-star analyst with an average return of 1.7% and a 40.4% success rate. Brisebois covers the Healthcare sector, focusing on stocks such as Praxis Precision Medicines, Centessa Pharmaceuticals, and Aquestive Therapeutics. ;'>

Ovid Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $5.00, implying a 79.2% upside from current levels. In a report issued on April 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $3.00 price target.

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Ascentage Pharma Group International Unsponsored ADR (AAPG)

In a report released today, Biren Amin from Piper Sandler maintained a Buy rating on Ascentage Pharma Group International Unsponsored ADR, with a price target of $48.00. The company’s shares closed last Tuesday at $25.69.

According to TipRanks.com, Amin is a 5-star analyst with an average return of 9.8% and a 46.1% success rate. Amin covers the Healthcare sector, focusing on stocks such as OKYO Pharma Limited Sponsored ADR, BridgeBio Oncology Therapeutics, and Centessa Pharmaceuticals. ;'>

Currently, the analyst consensus on Ascentage Pharma Group International Unsponsored ADR is a Strong Buy with an average price target of $48.00, an 86.3% upside from current levels. In a report issued on April 13, BTIG also reiterated a Buy rating on the stock with a $48.00 price target.

Johnson & Johnson (JNJ)

In a report released today, Terence Flynn from Morgan Stanley reiterated a Buy rating on Johnson & Johnson, with a price target of $283.00. The company’s shares closed last Tuesday at $240.10.

According to TipRanks.com, Flynn is a 5-star analyst with an average return of 9.0% and a 54.4% success rate. Flynn covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Arvinas Holding Company, and Vertex Pharmaceuticals. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Johnson & Johnson with a $262.27 average price target, representing an 11.6% upside. In a report issued on April 2, Erste Group also maintained a Buy rating on the stock.

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