Blurbs

Analysts Offer Insights on Healthcare Companies: Anavex Life Sciences (AVXL) and OncoCyte (OCX)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Anavex Life Sciences (AVXLResearch Report) and OncoCyte (OCXResearch Report) with bullish sentiments.

Anavex Life Sciences (AVXL)

BTIG analyst Yun Zhong reiterated a Buy rating on Anavex Life Sciences yesterday and set a price target of $35.00. The company’s shares closed last Wednesday at $7.31, close to its 52-week low of $7.23.

According to TipRanks.com, Zhong is ranked 0 out of 5 stars with an average return of -36.9% and a 13.7% success rate. Zhong covers the Healthcare sector, focusing on stocks such as Freeline Therapeutics Holdings, Applied Genetic Technologies, and Mereo Biopharma Group Plc.

Anavex Life Sciences has an analyst consensus of Strong Buy, with a price target consensus of $39.00, implying a 407.2% upside from current levels. In a report released yesterday, JonesTrading also reiterated a Buy rating on the stock with a $40.00 price target.

See the top stocks recommended by analysts >>

OncoCyte (OCX)

In a report released yesterday, Mark Massaro from BTIG reiterated a Buy rating on OncoCyte, with a price target of $4.00. The company’s shares closed last Wednesday at $1.13, close to its 52-week low of $1.09.

According to TipRanks.com, Massaro is a 3-star analyst with an average return of 2.1% and a 43.8% success rate. Massaro covers the Healthcare sector, focusing on stocks such as MDxHealth S.A. Sponsored ADR, Ginkgo Bioworks Holdings, and Accelerate Diagnostics.

OncoCyte has an analyst consensus of Strong Buy, with a price target consensus of $3.95.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on AVXL:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More