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Analysts Offer Insights on Healthcare Companies: Merck & Company (MRK) and OmniAb (OABI)

Tipranks - Tue Mar 31, 7:12AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Merck & Company (MRK) and OmniAb (OABI) with bullish sentiments.

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Merck & Company (MRK)

BMO Capital analyst Evan Seigerman maintained a Buy rating on Merck & Company yesterday and set a price target of $135.00. The company’s shares closed last Friday at $119.63.

According to TipRanks.com, Seigerman is a 5-star analyst with an average return of 8.3% and a 52.2% success rate. Seigerman covers the Healthcare sector, focusing on stocks such as Structure Therapeutics, Inc. Sponsored ADR, Vertex Pharmaceuticals, and Terns Pharmaceuticals. ;'>

Currently, the analyst consensus on Merck & Company is a Moderate Buy with an average price target of $131.36, implying a 10.1% upside from current levels. In a report issued on March 19, Scotiabank also maintained a Buy rating on the stock with a $136.00 price target.

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OmniAb (OABI)

In a report released today, Srikripa Devarakonda from Truist Financial maintained a Buy rating on OmniAb. The company’s shares closed last Friday at $1.51.

According to TipRanks.com, Devarakonda is a 5-star analyst with an average return of 15.1% and a 51.9% success rate. Devarakonda covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Protagonist Therapeutics, and Madrigal Pharmaceuticals. ;'>

OmniAb has an analyst consensus of Strong Buy, with a price target consensus of $7.67.

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