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Analysts Offer Insights on Healthcare Companies: Wuxi Biologics (Cayman) (OtherWXIBF) and Alkermes (ALKS)

Tipranks - Fri Apr 10, 7:52PM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Wuxi Biologics (Cayman) (WXIBF) and Alkermes (ALKS) with bullish sentiments.

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Wuxi Biologics (Cayman) (WXIBF)

In a report issued on April 7, Laurence Tam from Morgan Stanley maintained a Buy rating on Wuxi Biologics (Cayman), with a price target of HK$50.00. The company’s shares closed last Wednesday at $4.60.

Tam has an average return of 3.2% when recommending Wuxi Biologics (Cayman). ;'>

According to TipRanks.com, Tam is ranked #9940 out of 12128 analysts.

Currently, the analyst consensus on Wuxi Biologics (Cayman) is a Strong Buy with an average price target of $5.91, implying a 28.5% upside from current levels. In a report issued on March 26, CMB International Securities also maintained a Buy rating on the stock with a HK$39.00 price target.

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Alkermes (ALKS)

In a report released yesterday, Uy Ear from Mizuho Securities reiterated a Buy rating on Alkermes, with a price target of $53.00. The company’s shares closed last Thursday at $34.92, close to its 52-week high of $36.45.

According to TipRanks.com, Ear is a 1-star analyst with an average return of -0.6% and a 36.0% success rate. Ear covers the Healthcare sector, focusing on stocks such as Arcutis Biotherapeutics, ACADIA Pharmaceuticals, and Cartesian Therapeutics. ;'>

Alkermes has an analyst consensus of Strong Buy, with a price target consensus of $44.64, implying a 27.5% upside from current levels. In a report issued on April 1, TD Cowen also maintained a Buy rating on the stock with a $40.00 price target.

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