Analysts have been eager to weigh in on the Healthcare sector with new ratings on ConforMIS (NASDAQ:CFMS) and PerkinElmer (NYSE:PKI).
ConforMIS (CFMS)
Cowen & Co. analyst Josh Jennings maintained a Buy rating on ConforMIS on October 31 and set a price target of $3. The company’s shares closed yesterday at $0.76, close to its 52-week low of $0.73.
According to TipRanks.com, Jennings is a 3-star analyst with an average return of 2.6% and a 56.0% success rate. Jennings covers the Healthcare sector, focusing on stocks such as Boston Scientific Corp, Baxter International, and K2M Group Holdings.
Currently, the analyst consensus on ConforMIS is a Strong Buy with an average price target of $2.83, which is a 271.1% upside from current levels. In a report issued on October 31, BTIG also maintained a Buy rating on the stock with a $3 price target.
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PerkinElmer (PKI)
Cowen & Co. analyst Doug Schenkel maintained a Hold rating on PerkinElmer on November 1 and set a price target of $90. The company’s shares closed yesterday at $83.62.
According to TipRanks.com, Schenkel is a top 100 analyst with an average return of 25.8% and a 70.6% success rate. Schenkel covers the Healthcare sector, focusing on stocks such as Pacific Biosciences, Guardant Health Inc, and Exact Sciences.
The word on The Street in general, suggests a Hold analyst consensus rating for PerkinElmer with a $94.60 average price target, a 13.1% upside from current levels. In a report released yesterday, Janney Montgomery also downgraded the stock to Hold.
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