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Analysts Are Bullish on These Healthcare Stocks: Beam Therapeutics (BEAM), Pelthos Therapeutics (PTHS)

Tipranks - Tue Mar 17, 8:54AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Beam Therapeutics (BEAMResearch Report), Pelthos Therapeutics (PTHSResearch Report) and Vertex Pharmaceuticals (VRTXResearch Report) with bullish sentiments.

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Beam Therapeutics (BEAM)

In a report released today, Alec Stranahan from Bank of America Securities maintained a Buy rating on Beam Therapeutics. The company’s shares closed last Monday at $25.94.

According to TipRanks.com, Stranahan is a 4-star analyst with an average return of 5.0% and a 49.9% success rate. Stranahan covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Recursion Pharmaceuticals, and Perspective Therapeutics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Beam Therapeutics with a $48.91 average price target, implying a 90.4% upside from current levels. In a report issued on March 4, Evercore ISI also maintained a Buy rating on the stock with a $35.00 price target.

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Pelthos Therapeutics (PTHS)

Alliance Global Partners analyst James Molloy reiterated a Buy rating on Pelthos Therapeutics today and set a price target of $75.00. The company’s shares closed last Monday at $23.05.

According to TipRanks.com, Molloy is ranked 0 out of 5 stars with an average return of -24.8% and a 19.2% success rate. Molloy covers the Healthcare sector, focusing on stocks such as Neurosense Therapeutics Ltd., Intensity Therapeutics, Inc., and Barinthus Biotherapeutics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pelthos Therapeutics with a $58.00 average price target, implying a 151.6% upside from current levels. In a report issued on March 6, H.C. Wainwright also reiterated a Buy rating on the stock with a $60.00 price target.

Vertex Pharmaceuticals (VRTX)

Bank of America Securities analyst Tazeen Ahmad maintained a Buy rating on Vertex Pharmaceuticals today. The company’s shares closed last Monday at $473.73.

According to TipRanks.com, Ahmad is a 2-star analyst with an average return of 0.0% and a 50.7% success rate. Ahmad covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, KalVista Pharmaceuticals, and Apellis Pharmaceuticals. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vertex Pharmaceuticals with a $555.00 average price target, which is a 15.2% upside from current levels. In a report issued on March 10, Jefferies also initiated coverage with a Buy rating on the stock with a $580.00 price target.

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