LifeSci Capital analyst David Sherman initiated coverage with a Buy rating on Lucira Health (LHDX) on March 2 and set a price target of $29.00. The company’s shares closed last Monday at $11.83, close to its 52-week low of $11.55.
According to TipRanks.com, Sherman is ranked #7098 out of 7348 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lucira Health with a $25.50 average price target, representing an 119.8% upside. In a report issued on March 2, William Blair also initiated coverage with a Buy rating on the stock.
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Lucira Health Inc is a medical technology company focused on the development and commercialization of transformative and innovative infectious disease test kits.