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Analysts Are Bullish on Top Healthcare Stocks: Merck & Company (MRK), Johnson & Johnson (JNJ)

Tipranks - Sat Jul 25, 9:10AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Merck & Company (MRK), Johnson & Johnson (JNJ) and NewAmsterdam Pharma Company (NAMS) with bullish sentiments.

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Merck & Company (MRK)

Goldman Sachs analyst Asad Haider maintained a Buy rating on Merck & Company yesterday and set a price target of $137.00. The company’s shares closed last Friday at $130.67, close to its 52-week high of $134.63.

According to TipRanks.com, Haider is a 5-star analyst with an average return of 25.2% and a 86.0% success rate. Haider covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Bristol-Myers Squibb, and Johnson & Johnson. ;'>

Merck & Company has an analyst consensus of Moderate Buy, with a price target consensus of $136.35, which is a 3.7% upside from current levels. In a report issued on July 8, RBC Capital also maintained a Buy rating on the stock with a $142.00 price target.

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Johnson & Johnson (JNJ)

Scotiabank analyst Louise Chen maintained a Buy rating on Johnson & Johnson today and set a price target of $305.00. The company’s shares closed last Friday at $261.90.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 4.7% and a 48.8% success rate. Chen covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Bristol-Myers Squibb, and Teva Pharmaceutical. ;'>

Currently, the analyst consensus on Johnson & Johnson is a Strong Buy with an average price target of $279.19, implying a 6.8% upside from current levels. In a report released today, TipRanks – Anthropic also upgraded the stock to Buy with a $286.00 price target.

NewAmsterdam Pharma Company (NAMS)

H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on NewAmsterdam Pharma Company today and set a price target of $52.00. The company’s shares closed last Friday at $30.36.

According to TipRanks.com, Pantginis is a 5-star analyst with an average return of 23.5% and a 54.4% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Adlai Nortye Ltd. Sponsored ADR, Cadrenal Therapeutics, Inc., and Actinium Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NewAmsterdam Pharma Company with a $50.29 average price target, which is a 62.9% upside from current levels. In a report issued on July 21, BMO Capital also initiated coverage with a Buy rating on the stock with a $58.00 price target.

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