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Analysts Offer Insights on Healthcare Companies: Outset Medical (OM), Elevance Health (ELV) and Ionis Pharmaceuticals (IONS)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Outset Medical (OMResearch Report), Elevance Health (ELVResearch Report) and Ionis Pharmaceuticals (IONSResearch Report).

Outset Medical (OM)

In a report issued on January 9, Shagun Singh Chadha from RBC Capital maintained a Buy rating on Outset Medical, with a price target of $31.00. The company’s shares closed last Thursday at $26.73.

According to TipRanks.com, Chadha is a 1-star analyst with an average return of -1.1% and a 45.7% success rate. Chadha covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Zimmer Biomet Holdings, and Edwards Lifesciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Outset Medical with a $25.25 average price target.

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Elevance Health (ELV)

RBC Capital analyst Ben Hendrix maintained a Hold rating on Elevance Health on January 9 and set a price target of $505.00. The company’s shares closed last Thursday at $477.08.

According to TipRanks.com, Hendrix is a 1-star analyst with an average return of -3.2% and a 50.0% success rate. Hendrix covers the Healthcare sector, focusing on stocks such as Aveanna Healthcare Holdings, Brookdale Senior Living, and Bright Health Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elevance Health with a $572.33 average price target.

Ionis Pharmaceuticals (IONS)

In a report issued on January 11, Luca Issi from RBC Capital maintained a Buy rating on Ionis Pharmaceuticals, with a price target of $65.00. The company’s shares closed last Thursday at $39.03.

According to TipRanks.com, Issi has 0 stars on 0-5 stars ranking scale with an average return of -20.7% and a 26.3% success rate. Issi covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, BioMarin Pharmaceutical, and Adverum Biotechnologies.

Currently, the analyst consensus on Ionis Pharmaceuticals is a Moderate Buy with an average price target of $51.27, a 35.5% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $70.00 price target.

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