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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Fri Feb 27, 5:56AM CST

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Arcutis Biotherapeutics (ARQTResearch Report) and Vanda (VNDAResearch Report) with bullish sentiments.

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Arcutis Biotherapeutics (ARQT)

In a report released today, Uy Ear from Mizuho Securities reiterated a Buy rating on Arcutis Biotherapeutics, with a price target of $37.00. The company’s shares closed last Wednesday at $27.01.

According to TipRanks.com, Ear is a 1-star analyst with an average return of -0.5% and a 36.7% success rate. Ear covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals, Cartesian Therapeutics, and MBX Biosciences, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arcutis Biotherapeutics with a $34.13 average price target, which is a 26.2% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $35.00 price target.

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Vanda (VNDA)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Vanda, with a price target of $24.00. The company’s shares closed last Wednesday at $8.28.

According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 23.3% and a 56.8% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Santhera Pharmaceuticals Holding, Reviva Pharmaceuticals Holdings, and Aardvark Therapeutics, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vanda with a $14.88 average price target, which is a 75.3% upside from current levels. In a report issued on February 12, Cantor Fitzgerald also maintained a Buy rating on the stock with a $11.00 price target.

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