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Analysts’ Opinions Are Mixed on These Healthcare Stocks: Harmony Biosciences Holdings (HRMY), Decibel Cannabis Company (OtherDBCCF) and Avid Bioservices (CDMO)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Harmony Biosciences Holdings (HRMYResearch Report), Decibel Cannabis Company (DBCCFResearch Report) and Avid Bioservices (CDMOResearch Report).

Harmony Biosciences Holdings (HRMY)

In a report released today, Corinne Johnson from Goldman Sachs maintained a Sell rating on Harmony Biosciences Holdings. The company’s shares closed last Monday at $29.25.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 7.4% and a 56.8% success rate. Johnson covers the Healthcare sector, focusing on stocks such as Amylyx Pharmaceuticals Inc, Intra-Cellular Therapies, and Springworks Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Harmony Biosciences Holdings with a $42.00 average price target.

See today’s best-performing stocks on TipRanks >>

Decibel Cannabis Company (DBCCF)

In a report released today, Andrew Semple from Echelon Wealth Partners maintained a Buy rating on Decibel Cannabis Company, with a price target of C$0.30. The company’s shares closed last Monday at $0.09.

According to TipRanks.com, Semple is a 1-star analyst with an average return of -2.9% and a 31.6% success rate. Semple covers the Healthcare sector, focusing on stocks such as Ascend Wellness Holdings LLC, Cannabist Company Holdings, and Green Thumb Industries.

Decibel Cannabis Company has an analyst consensus of Moderate Buy, with a price target consensus of $0.24, which is a 157.2% upside from current levels. In a report released today, Haywood also reiterated a Buy rating on the stock with a C$0.35 price target.

Avid Bioservices (CDMO)

Craig-Hallum analyst Matt Hewitt reiterated a Buy rating on Avid Bioservices today and set a price target of $16.00. The company’s shares closed last Monday at $7.56.

According to TipRanks.com, Hewitt is ranked 0 out of 5 stars with an average return of -3.5% and a 41.8% success rate. Hewitt covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, Streamline Health Solutions, and Champions Oncology.

Currently, the analyst consensus on Avid Bioservices is a Strong Buy with an average price target of $12.00, a 61.9% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $8.00 price target.

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