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Analysts Are Bullish on These Healthcare Stocks: Elanco Animal Health (ELAN), Eli Lilly & Co (LLY)

Tipranks - Wed Mar 11, 5:54AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Elanco Animal Health (ELANResearch Report), Eli Lilly & Co (LLYResearch Report) and Design Therapeutics (DSGNResearch Report) with bullish sentiments.

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Elanco Animal Health (ELAN)

UBS analyst Andrea Alfonso maintained a Buy rating on Elanco Animal Health today and set a price target of $31.00. The company’s shares closed last Monday at $23.94.

Alfonso has an average return of 38.6% when recommending Elanco Animal Health. ;'>

According to TipRanks.com, Alfonso is ranked #2581 out of 12122 analysts.

Elanco Animal Health has an analyst consensus of Strong Buy, with a price target consensus of $29.40, a 27.3% upside from current levels. In a report issued on February 24, William Blair also maintained a Buy rating on the stock.

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Eli Lilly & Co (LLY)

In a report released yesterday, Geoff Meacham from Citi maintained a Buy rating on Eli Lilly & Co, with a price target of $1500.00. The company’s shares closed last Monday at $1008.39.

According to TipRanks.com, Meacham is a 5-star analyst with an average return of 10.3% and a 58.3% success rate. Meacham covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Amylyx Pharmaceuticals Inc, and Protagonist Therapeutics. ;'>

Eli Lilly & Co has an analyst consensus of Strong Buy, with a price target consensus of $1272.24, representing a 28.9% upside. In a report issued on February 24, RBC Capital also initiated coverage with a Buy rating on the stock with a $1250.00 price target.

Design Therapeutics (DSGN)

In a report released yesterday, Luca Issi from RBC Capital assigned a Buy rating to Design Therapeutics, with a price target of $14.00. The company’s shares closed last Monday at $10.37.

According to TipRanks.com, Issi is a 1-star analyst with an average return of -2.1% and a 37.5% success rate. Issi covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Ultragenyx Pharmaceutical, and BioMarin Pharmaceutical. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Design Therapeutics with a $16.00 average price target.

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