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Analysts Offer Insights on Healthcare Companies: Merck & Company (MRK) and Tempest Therapeutics (TPST)

Tipranks - Wed Apr 1, 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 Tempest Therapeutics (TPST) with bullish sentiments.

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Merck & Company (MRK)

In a report released yesterday, Asad Haider from Goldman Sachs maintained a Buy rating on Merck & Company, with a price target of $133.00. The company’s shares closed last Monday at $118.10.

According to TipRanks.com, Haider is a 4-star analyst with an average return of 21.6% and a 78.8% success rate. Haider covers the Healthcare sector, focusing on stocks such as Bristol-Myers Squibb, Johnson & Johnson, and Eli Lilly & Co. ;'>

Merck & Company has an analyst consensus of Moderate Buy, with a price target consensus of $132.24, a 9.7% 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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Tempest Therapeutics (TPST)

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on Tempest Therapeutics today and set a price target of $11.00. The company’s shares closed last Monday at $1.52, close to its 52-week low of $0.70.

According to TipRanks.com, Pantginis is a 5-star analyst with an average return of 16.8% and a 48.0% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Adlai Nortye Ltd. Sponsored ADR, NewAmsterdam Pharma Company, and XOMA Royalty Corporation. ;'>

Currently, the analyst consensus on Tempest Therapeutics is a Moderate Buy with an average price target of $11.00.

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