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Analysts Offer Insights on Healthcare Companies: NeoGenomics (NEO) and Envista Holdings (NVST)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on NeoGenomics (NEOResearch Report) and Envista Holdings (NVSTResearch Report).

NeoGenomics (NEO)

BTIG analyst Mark Massaro reiterated a Buy rating on NeoGenomics yesterday and set a price target of $21.00. The company’s shares closed last Wednesday at $13.96.

According to TipRanks.com, Massaro ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.8% and a 28.1% success rate. Massaro covers the Healthcare sector, focusing on stocks such as Adaptive Biotechnologies, Ginkgo Bioworks Holdings, and Akoya Biosciences.

Currently, the analyst consensus on NeoGenomics is a Strong Buy with an average price target of $21.00, a 50.0% upside from current levels. In a report issued on April 18, Leerink Partners also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

Envista Holdings (NVST)

In a report released today, David Saxon from Needham maintained a Hold rating on Envista Holdings. The company’s shares closed last Wednesday at $19.75, close to its 52-week low of $18.96.

According to TipRanks.com, Saxon is a 4-star analyst with an average return of 4.5% and a 38.0% success rate. Saxon covers the Healthcare sector, focusing on stocks such as Bausch + Lomb Corporation, Irhythm Technologies, and Alphatec Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Envista Holdings with a $22.78 average price target, representing a 15.8% upside. In a report issued on April 26, Morgan Stanley also downgraded the stock to Hold with a $21.00 price target.

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