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Analysts Offer Insights on Healthcare Companies: Teva Pharmaceutical (TEVA) and Irhythm Technologies (IRTC)

Tipranks - Thu Jul 9, 4:54AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Teva Pharmaceutical (TEVA) and Irhythm Technologies (IRTC) with bullish sentiments.

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Teva Pharmaceutical (TEVA)

Bank of America Securities analyst Jason Gerberry maintained a Buy rating on Teva Pharmaceutical yesterday and set a price target of $40.00. The company’s shares closed last Tuesday at $34.65.

According to TipRanks.com, Gerberry is a 5-star analyst with an average return of 22.3% and a 63.6% success rate. Gerberry covers the Healthcare sector, focusing on stocks such as Mineralys Therapeutics, Inc., Arrowhead Pharmaceuticals, and Amphastar Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teva Pharmaceutical with a $42.38 average price target, implying a 20.4% upside from current levels. In a report issued on June 22, Scotiabank also maintained a Buy rating on the stock with a $40.00 price target.

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Irhythm Technologies (IRTC)

Citi analyst Joanne Wuensch reiterated a Buy rating on Irhythm Technologies today and set a price target of $157.00. The company’s shares closed last Tuesday at $125.09, close to its 52-week high of $128.52.

According to TipRanks.com, Wuensch is a 3-star analyst with an average return of 1.3% and a 52.7% success rate. Wuensch covers the Healthcare sector, focusing on stocks such as GE Healthcare Technologies Inc, Establishment Labs Holdings, and Bausch + Lomb Corporation. ;'>

Currently, the analyst consensus on Irhythm Technologies is a Strong Buy with an average price target of $176.45, representing a 37.9% upside. In a report issued on July 6, Evercore ISI also maintained a Buy rating on the stock with a $150.00 price target.

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