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Analysts Offer Insights on Healthcare Companies: Evotec AG (EVO), Legend Biotech (LEGN) and Inogen (INGN)

Tipranks - Thu Apr 16, 5:26AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Evotec AG (EVO), Legend Biotech (LEGN) and Inogen (INGN) with bullish sentiments.

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Evotec AG (EVO)

H.C. Wainwright analyst Swayampakula Ramakanth initiated coverage with a Buy rating on Evotec AG today and set a price target of $7.00. The company’s shares closed last Tuesday at $3.12, close to its 52-week low of $2.85.

According to TipRanks.com, Ramakanth is a 5-star analyst with an average return of 15.5% and a 42.6% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as Actuate Therapeutics, Inc., Unicycive Therapeutics, and Janux Therapeutics Inc. ;'>

Evotec AG has an analyst consensus of Moderate Buy, with a price target consensus of $4.67.

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Legend Biotech (LEGN)

H.C. Wainwright analyst Mitchell Kapoor reiterated a Buy rating on Legend Biotech today and set a price target of $50.00. The company’s shares closed last Tuesday at $18.69.

According to TipRanks.com, Kapoor is a 4-star analyst with an average return of 9.9% and a 40.6% success rate. Kapoor covers the Healthcare sector, focusing on stocks such as Kyverna Therapeutics, Inc., BioMarin Pharmaceutical, and Crispr Therapeutics AG. ;'>

Legend Biotech has an analyst consensus of Strong Buy, with a price target consensus of $54.71, representing a 206.5% upside. In a report issued on April 7, RBC Capital also maintained a Buy rating on the stock with a $62.00 price target.

Inogen (INGN)

In a report released today, Michael Matson from Needham maintained a Buy rating on Inogen, with a price target of $12.00. The company’s shares closed last Tuesday at $6.34, close to its 52-week low of $6.14.

According to TipRanks.com, Matson is a 1-star analyst with an average return of -1.5% and a 40.6% 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 Strong Buy analyst consensus rating for Inogen with a $12.67 average price target, representing a 95.2% upside. In a report issued on April 7, Freedom Capital Markets also initiated coverage with a Buy rating on the stock with a $12.00 price target.

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