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Analysts Offer Insights on Healthcare Companies: Merit Medical Systems (MMSI), Teva Pharmaceutical (TEVA) and Nuvation Bio (NUVB)

Tipranks - Thu Jun 11, 6:52AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Merit Medical Systems (MMSI), Teva Pharmaceutical (TEVA) and Nuvation Bio (NUVB) with bullish sentiments.

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Merit Medical Systems (MMSI)

Piper Sandler analyst Jason Bednar maintained a Buy rating on Merit Medical Systems today and set a price target of $96.00. The company’s shares closed last Tuesday at $67.51.

According to TipRanks.com, Bednar is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.7% and a 40.9% success rate. Bednar covers the Healthcare sector, focusing on stocks such as GE Healthcare Technologies Inc, Solventum Corporation, and Alpha Tau Medical Ltd. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Merit Medical Systems with a $87.50 average price target.

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Teva Pharmaceutical (TEVA)

In a report released today, David Amsellem from Piper Sandler reiterated a Buy rating on Teva Pharmaceutical, with a price target of $42.00. The company’s shares closed last Tuesday at $34.45.

According to TipRanks.com, Amsellem is a 5-star analyst with an average return of 12.5% and a 60.1% success rate. Amsellem covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, Amphastar Pharmaceuticals, and Collegium Pharmaceutical. ;'>

Currently, the analyst consensus on Teva Pharmaceutical is a Strong Buy with an average price target of $42.11, implying a 25.8% upside from current levels. In a report issued on May 27, Jefferies also maintained a Buy rating on the stock with a $40.00 price target.

Nuvation Bio (NUVB)

In a report released today, Gregory Renza from Truist Financial maintained a Buy rating on Nuvation Bio. The company’s shares closed last Tuesday at $4.93.

According to TipRanks.com, Renza is a 5-star analyst with an average return of 14.8% and a 45.3% success rate. Renza covers the Healthcare sector, focusing on stocks such as Ascentage Pharma Group International Unsponsored ADR, Perspective Therapeutics, and Abivax SA Sponsored ADR. ;'>

Currently, the analyst consensus on Nuvation Bio is a Strong Buy with an average price target of $14.40, representing a 183.5% upside. In a report issued on May 26, H.C. Wainwright also reiterated a Buy rating on the stock with a $17.00 price target.

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