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Analysts Offer Insights on Healthcare Companies: Legend Biotech (LEGN), Green Thumb Industries (OtherGTBIF) and OmniAb (OABI)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Legend Biotech (LEGNResearch Report), Green Thumb Industries (GTBIFResearch Report) and OmniAb (OABIResearch Report) with bullish sentiments.

Legend Biotech (LEGN)

Jefferies analyst Kelly Shi maintained a Buy rating on Legend Biotech today and set a price target of $94.00. The company’s shares closed last Monday at $42.97, close to its 52-week low of $42.08.

According to TipRanks.com, Shi is a 1-star analyst with an average return of -4.4% and a 32.5% success rate. Shi covers the Healthcare sector, focusing on stocks such as 4D Molecular Therapeutics, Cogent Biosciences, and ADC Therapeutics.

Legend Biotech has an analyst consensus of Strong Buy, with a price target consensus of $86.08, which is an 86.0% upside from current levels. In a report issued on May 7, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.

See the top stocks recommended by analysts >>

Green Thumb Industries (GTBIF)

In a report released today, Neal Gilmer from Haywood maintained a Buy rating on Green Thumb Industries, with a price target of C$24.00. The company’s shares closed last Monday at $13.01.

According to TipRanks.com, Gilmer is a 3-star analyst with an average return of 5.0% and a 46.8% success rate. Gilmer covers the Healthcare sector, focusing on stocks such as Ascend Wellness Holdings LLC, Decibel Cannabis Company, and Trulieve Cannabis.

Currently, the analyst consensus on Green Thumb Industries is a Strong Buy with an average price target of $19.50, implying a 52.8% upside from current levels. In a report issued on April 30, Craig-Hallum also maintained a Buy rating on the stock.

OmniAb (OABI)

Leerink Partners analyst Puneet Souda maintained a Buy rating on OmniAb on May 9 and set a price target of $12.00. The company’s shares closed last Monday at $4.48.

According to TipRanks.com, Souda ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -10.3% and a 37.3% success rate. Souda covers the Healthcare sector, focusing on stocks such as Sonida Senior Living, Inc., AbCellera Biologics, and Castle Biosciences.

OmniAb has an analyst consensus of Strong Buy, with a price target consensus of $9.86, which is a 109.8% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $7.00 price target.

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