There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Larimar Therapeutics (LRMR – Research Report) and Terns Pharmaceuticals (TERN – Research Report) with bullish sentiments.
Larimar Therapeutics (LRMR)
JMP Securities analyst Jonathan Wolleben reiterated a Buy rating on Larimar Therapeutics today and set a price target of $15.00. The company’s shares closed last Monday at $3.59.
According to TipRanks.com, Wolleben is a 4-star analyst with an average return of 7.3% and a 39.2% success rate. Wolleben covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Crinetics Pharmaceuticals, and Madrigal Pharmaceuticals.
Currently, the analyst consensus on Larimar Therapeutics is a Strong Buy with an average price target of $12.00, representing a 197.8% upside. In a report released yesterday, LifeSci Capital also maintained a Buy rating on the stock with a $14.00 price target.
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Terns Pharmaceuticals (TERN)
In a report released today, Silvan Tuerkcan from JMP Securities reiterated a Buy rating on Terns Pharmaceuticals, with a price target of $17.00. The company’s shares closed last Monday at $11.87.
According to TipRanks.com, Tuerkcan is a 1-star analyst with an average return of -3.3% and a 33.9% success rate. Tuerkcan covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Intellia Therapeutics, and Taysha Gene Therapies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Terns Pharmaceuticals with a $13.75 average price target, an 8.5% upside from current levels. In a report issued on May 5, Goldman Sachs also reiterated a Buy rating on the stock.
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