Analysts Offer Insights on Healthcare Companies: Aduro BioTech (ADRO) and Dexcom (DXCM)


There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Aduro BioTech (NASDAQ:ADRO) and Dexcom (NASDAQ:DXCM) with bullish sentiments.

Aduro BioTech (ADRO)

Canaccord Genuity analyst John Newman maintained a Buy rating on Aduro BioTech today and set a price target of $30. The company’s shares opened today at $5.30, close to its 52-week low of $5.24.

According to TipRanks.com, Newman is a 5-star analyst with an average return of 17.7% and a 45.0% success rate. Newman covers the Healthcare sector, focusing on stocks such as Hutchison China MediTech Ltd, Synergy Pharmaceuticals Inc, and Atara Biotherapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aduro BioTech with a $17.50 average price target, representing a 230.2% upside. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $9.50 price target.

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See today’s analyst top recommended stocks >>

Dexcom (DXCM)

Robert W. Baird analyst Jeff Johnson reiterated a Buy rating on Dexcom today and set a price target of $140. The company’s shares opened today at $119.40, close to its 52-week high of $123.48.

According to TipRanks.com, Johnson is a 5-star analyst with an average return of 21.7% and a 68.1% success rate. Johnson covers the Healthcare sector, focusing on stocks such as Varian Medical Systems, Zimmer Biomet Holdings, and DENTSPLY SIRONA Inc.

Dexcom has an analyst consensus of Strong Buy, with a price target consensus of $125, representing a 4.7% upside. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $150 price target.

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