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Analysts Offer Insights on Healthcare Companies: Chimerix (CMRX), Travere Therapeutics (TVTX) and Karuna Therapeutics (KRTX)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Chimerix (CMRXResearch Report), Travere Therapeutics (TVTXResearch Report) and Karuna Therapeutics (KRTXResearch Report) with bullish sentiments.

Chimerix (CMRX)

JonesTrading analyst Soumit Roy reiterated a Buy rating on Chimerix today and set a price target of $5.00. The company’s shares closed last Thursday at $1.86, close to its 52-week low of $1.27.

According to TipRanks.com, Roy is a 4-star analyst with an average return of 7.9% and a 32.7% success rate. Roy covers the Healthcare sector, focusing on stocks such as Day One Biopharmaceuticals, Deciphera Pharmaceuticals, and Adaptimmune Therapeutics.

Chimerix has an analyst consensus of Strong Buy, with a price target consensus of $7.67.

See the top stocks recommended by analysts >>

Travere Therapeutics (TVTX)

In a report released today, Ed Arce from H.C. Wainwright maintained a Buy rating on Travere Therapeutics, with a price target of $36.00. The company’s shares closed last Thursday at $21.18, close to its 52-week low of $20.49.

According to TipRanks.com, Arce is a 4-star analyst with an average return of 6.1% and a 37.0% success rate. Arce covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, Paratek Pharmaceuticals, and Aurinia Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Travere Therapeutics with a $38.40 average price target, representing an 82.1% upside. In a report issued on October 20, SVB Securities also maintained a Buy rating on the stock with a $38.00 price target.

Karuna Therapeutics (KRTX)

In a report released today, Jason Butler from JMP Securities reiterated a Buy rating on Karuna Therapeutics, with a price target of $315.00. The company’s shares closed last Thursday at $218.81.

According to TipRanks.com, Butler is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.3% and a 38.2% success rate. Butler covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, ACADIA Pharmaceuticals, and Aquestive Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Karuna Therapeutics with a $286.76 average price target, which is a 34.3% upside from current levels. In a report issued on October 21, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $282.00 price target.

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