Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Are Bullish on Top Healthcare Stocks: Ascendis Pharma (ASND), Incyte (INCY)

Tipranks - Wed Jul 30, 7:42AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Ascendis Pharma (ASNDResearch Report) and Incyte (INCYResearch Report) with bullish sentiments.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Ascendis Pharma (ASND)

In a report released today, Kelly Shi from Jefferies maintained a Buy rating on Ascendis Pharma, with a price target of $235.00. The company’s shares closed last Monday at $164.16, close to its 52-week high of $169.37.

According to TipRanks.com, Shi is a 3-star analyst with an average return of 1.6% and a 42.3% success rate. Shi covers the Healthcare sector, focusing on stocks such as Takeda Pharmaceutical Co, Centessa Pharmaceuticals, and Syndax Pharmaceuticals. ;'>

Ascendis Pharma has an analyst consensus of Strong Buy, with a price target consensus of $230.15, representing a 35.0% upside. In a report issued on July 14, Citi also maintained a Buy rating on the stock with a $243.00 price target.

See the top stocks recommended by analysts >>

Incyte (INCY)

In a report released today, Marc Frahm from TD Cowen maintained a Buy rating on Incyte, with a price target of $86.00. The company’s shares closed last Monday at $70.16.

According to TipRanks.com, Frahm is a 4-star analyst with an average return of 9.1% and a 45.2% success rate. Frahm covers the Healthcare sector, focusing on stocks such as Black Diamond Therapeutics, Acrivon Therapeutics, Inc., and Monte Rosa Therapeutics. ;'>

Currently, the analyst consensus on Incyte is a Moderate Buy with an average price target of $79.75, representing a 13.4% upside. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $82.00 price target.

Read More on ASND:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.