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Analysts Have Conflicting Sentiments on These Healthcare Companies: Cytek Biosciences (CTKB), Elanco Animal Health (ELAN) and Atara Biotherapeutics (ATRA)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Cytek Biosciences (CTKBResearch Report), Elanco Animal Health (ELANResearch Report) and Atara Biotherapeutics (ATRAResearch Report).

Cytek Biosciences (CTKB)

Goldman Sachs analyst Matthew Sykes maintained a Buy rating on Cytek Biosciences on May 9 and set a price target of $8.00. The company’s shares closed last Tuesday at $6.30.

According to TipRanks.com, Sykes is a 1-star analyst with an average return of -0.8% and a 51.2% success rate. Sykes covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, Ginkgo Bioworks Holdings, and Nautilus Biotechnolgy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cytek Biosciences with a $9.38 average price target, implying a 48.4% upside from current levels. In a report issued on May 9, Piper Sandler also maintained a Buy rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

Elanco Animal Health (ELAN)

In a report issued on May 9, Nathan Rich from Goldman Sachs maintained a Sell rating on Elanco Animal Health, with a price target of $16.00. The company’s shares closed last Tuesday at $17.08, close to its 52-week high of $17.43.

According to TipRanks.com, Rich is a 3-star analyst with an average return of 2.3% and a 51.2% success rate. Rich covers the Healthcare sector, focusing on stocks such as Amneal Pharmaceuticals, Alignment Healthcare, and Patterson Companies.

Currently, the analyst consensus on Elanco Animal Health is a Moderate Buy with an average price target of $19.00.

Atara Biotherapeutics (ATRA)

In a report issued on May 9, Salveen Richter from Goldman Sachs maintained a Sell rating on Atara Biotherapeutics, with a price target of $0.50. The company’s shares closed last Tuesday at $0.60.

According to TipRanks.com, Richter is a 5-star analyst with an average return of 16.8% and a 46.4% success rate. Richter covers the Healthcare sector, focusing on stocks such as 4D Molecular Therapeutics, Adaptive Biotechnologies, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Hold analyst consensus rating for Atara Biotherapeutics with a $4.20 average price target.

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