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Analysts’ Top Healthcare Picks: Cormedix (CRMD), SCYNEXIS (SCYX)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Cormedix (CRMDResearch Report) and SCYNEXIS (SCYXResearch Report) with bullish sentiments.

Cormedix (CRMD)

In a report released today, Serge Belanger from Needham maintained a Buy rating on Cormedix, with a price target of $10.00. The company’s shares closed last Friday at $5.26.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.3% and a 42.4% success rate. Belanger covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, Amphastar Pharmaceuticals, and KalVista Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cormedix with a $12.67 average price target, a 134.6% upside from current levels. In a report released today, Truist Financial also maintained a Buy rating on the stock.

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