There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Corvus Pharmaceuticals (CRVS) and Alector (ALEC) with bullish sentiments.
Corvus Pharmaceuticals (CRVS)
H.C. Wainwright analyst Swayampakula Ramakanth maintained a Buy rating on Corvus Pharmaceuticals yesterday and set a price target of $12.00. The company’s shares closed last Monday at $4.11.
According to TipRanks.com, Ramakanth is a 4-star analyst with an average return of 7.3% and a 39.8% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as Diffusion Pharmaceuticals, Trillium Therapeutics, and Cellectar Biosciences.
Corvus Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $9.00, representing an 117.9% upside. In a report issued on November 12, Mizuho Securities also maintained a Buy rating on the stock with a $7.00 price target.
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Alector (ALEC)
In a report released yesterday, Andrew Fein from H.C. Wainwright reiterated a Buy rating on Alector, with a price target of $41.00. The company’s shares closed last Monday at $12.73, close to its 52-week low of $9.12.
According to TipRanks.com, Fein is a 4-star analyst with an average return of 7.3% and a 48.6% success rate. Fein covers the Healthcare sector, focusing on stocks such as Deciphera Pharmaceuticals, Zentalis Pharmaceuticals, and KalVista Pharmaceuticals.
Currently, the analyst consensus on Alector is a Moderate Buy with an average price target of $41.00.
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