There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Spark Therapeutics (NASDAQ: ONCE) and Acer Therapeutics Inc (NASDAQ: ACER) with bullish sentiments.
Spark Therapeutics (NASDAQ: ONCE)
“We rate Spark Therapeutics Overweight. ONCE focuses on the development of gene therapy products for patients suffering from debilitating genetic diseases. With lead candidate LUXTURNA, Spark has become the first company in the U.S. with an approval for an in-vivo gene therapy product. $103/share price target is determined by the sum of the risk-adjusted NPV for the after-tax and discounted value of the programs analyzed, the value of the hemophilia A program, a platform value for the remaining pipeline and YE18 cash.”
According to TipRanks.com, Piros is ranked 0 out of 5 stars with an average return of -4.0% and a 46.0% success rate. Piros covers the Healthcare sector, focusing on stocks such as Spring Bank Pharmaceuticals Inc, Strongbridge Biopharma Plc, and Global Blood Therapeutics.
Currently, the analyst consensus on Spark Therapeutics is Moderate Buy and the average price target is $83.70, representing a 14.5% upside.
In a report issued on May 8, William Blair also maintained a Buy rating on the stock.
Acer Therapeutics Inc (NASDAQ: ACER)
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Acer Therapeutics Inc (NASDAQ: ACER), with a price target of $50. The company’s shares closed yesterday at $18.98.
“We reiterate our Buy rating and 12-month price target of $50.00 on ACER shares.”
According to TipRanks.com, Selvaraju has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.5% and a 39.8% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.
Acer Therapeutics Inc has an analyst consensus of Moderate Buy, with a price target consensus of $60.
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