There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Seattle Genetics (SGEN) and Acasti Pharma (ACST) with bullish sentiments.
Seattle Genetics (SGEN)
In a report released yesterday, Cory Kasimov from J.P. Morgan maintained a Buy rating on Seattle Genetics. The company’s shares closed last Monday at $116.51, close to its 52-week high of $122.36.
According to TipRanks.com, Kasimov is a 5-star analyst with an average return of 8.2% and a 48.7% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Global Blood Therapeutics, and Alexion Pharmaceuticals.
Seattle Genetics has an analyst consensus of Moderate Buy, with a price target consensus of $125.69, implying a 7.7% upside from current levels. In a report issued on January 27, BMO Capital also initiated coverage with a Buy rating on the stock with a $139.00 price target.
See today’s analyst top recommended stocks >>
Acasti Pharma (ACST)
In a report released yesterday, Douglas Loe from Echelon Wealth Partners maintained a Buy rating on Acasti Pharma, with a price target of C$1.40. The company’s shares closed last Monday at $0.57, close to its 52-week low of $0.48.
According to TipRanks.com, Loe is a 4-star analyst with an average return of 7.1% and a 42.6% success rate. Loe covers the Healthcare sector, focusing on stocks such as Neptune Wellness Solutions, Cipher Pharmaceuticals, and Liminal BioSciences.
Currently, the analyst consensus on Acasti Pharma is a Strong Buy with an average price target of $3.35.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on ACST:
