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Analysts’ Top Healthcare Picks: Outset Medical (OM), Cytokinetics (CYTK)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Outset Medical (OMResearch Report), Cytokinetics (CYTKResearch Report) and Milestone Pharmaceuticals (MISTResearch Report) with bullish sentiments.

Outset Medical (OM)

In a report issued on May 8, Josh Jennings from TD Cowen reiterated a Buy rating on Outset Medical, with a price target of $9.00. The company’s shares closed last Monday at $3.10, close to its 52-week low of $1.92.

According to TipRanks.com, Jennings is a 4-star analyst with an average return of 6.8% and a 51.7% success rate. Jennings covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Zimmer Biomet Holdings, and Tandem Diabetes Care.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Outset Medical with a $6.40 average price target, which is a 106.5% upside from current levels. In a report issued on May 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $6.00 price target.

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

Cytokinetics (CYTK)

In a report released today, Serge Belanger from Needham maintained a Buy rating on Cytokinetics, with a price target of $108.00. The company’s shares closed last Monday at $57.89.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 0.7% and a 40.2% success rate. Belanger covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, Amphastar Pharmaceuticals, and Collegium Pharmaceutical.

Cytokinetics has an analyst consensus of Strong Buy, with a price target consensus of $94.79, representing a 49.7% upside. In a report issued on May 8, Goldman Sachs also maintained a Buy rating on the stock with a $85.00 price target.

Milestone Pharmaceuticals (MIST)

In a report released today, Ritu Baral from TD Cowen maintained a Buy rating on Milestone Pharmaceuticals, with a price target of $9.00. The company’s shares closed last Monday at $1.70, close to its 52-week low of $1.33.

According to TipRanks.com, Baral is a 4-star analyst with an average return of 6.6% and a 43.5% success rate. Baral covers the Healthcare sector, focusing on stocks such as Sagimet Biosciences, Inc. Class A, Praxis Precision Medicines, and Madrigal Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Milestone Pharmaceuticals with a $13.00 average price target.

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