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Analysts Offer Insights on Healthcare Companies: Viracta Therapeutics (VIRX), Cidara Therapeutics (CDTX) and OncoCyte (OCX)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Viracta Therapeutics (VIRXResearch Report), Cidara Therapeutics (CDTXResearch Report) and OncoCyte (OCXResearch Report) with bullish sentiments.

Viracta Therapeutics (VIRX)

In a report released today, Robert Burns from H.C. Wainwright reiterated a Buy rating on Viracta Therapeutics, with a price target of $35.00. The company’s shares closed last Wednesday at $2.04, close to its 52-week low of $2.03.

According to TipRanks.com, Burns has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -32.0% and a 14.3% success rate. Burns covers the Healthcare sector, focusing on stocks such as Turning Point Therapeutics, Black Diamond Therapeutics, and Springworks Therapeutics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viracta Therapeutics with a $20.33 average price target, representing a 783.9% upside. In a report issued on May 10, RBC Capital also maintained a Buy rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

Cidara Therapeutics (CDTX)

H.C. Wainwright analyst Ed Arce maintained a Buy rating on Cidara Therapeutics today and set a price target of $6.00. The company’s shares closed last Wednesday at $0.59, close to its 52-week low of $0.57.

According to TipRanks.com, Arce is a 4-star analyst with an average return of 5.1% and a 35.2% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Aurinia Pharmaceuticals.

Currently, the analyst consensus on Cidara Therapeutics is a Strong Buy with an average price target of $5.00.

OncoCyte (OCX)

In a report released today, Michael Matson from Needham maintained a Buy rating on OncoCyte, with a price target of $2.25. The company’s shares closed last Wednesday at $1.13, close to its 52-week low of $1.09.

According to TipRanks.com, Matson is a 3-star analyst with an average return of 0.7% and a 43.1% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

OncoCyte has an analyst consensus of Strong Buy, with a price target consensus of $3.51, representing a 210.6% upside. In a report released yesterday, BTIG also reiterated a Buy rating on the stock with a $4.00 price target.

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