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Analysts’ Top Healthcare Picks: BioMarin Pharmaceutical (BMRN), Kiniksa Pharmaceuticals (KNSA)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on BioMarin Pharmaceutical (BMRNResearch Report), Kiniksa Pharmaceuticals (KNSAResearch Report) and Insmed (INSMResearch Report) with bullish sentiments.

BioMarin Pharmaceutical (BMRN)

Evercore ISI analyst Cory Kasimov maintained a Buy rating on BioMarin Pharmaceutical today and set a price target of $115.00. The company’s shares closed last Tuesday at $69.91, close to its 52-week low of $67.75.

According to TipRanks.com, Kasimov is a 5-star analyst with an average return of 20.1% and a 56.0% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as BridgeBio Pharma, BioNTech SE, and Arcellx Inc.

BioMarin Pharmaceutical has an analyst consensus of Moderate Buy, with a price target consensus of $102.39, implying a 46.7% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $86.00 price target.

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Kiniksa Pharmaceuticals (KNSA)

Evercore ISI analyst Liisa Bayko maintained a Buy rating on Kiniksa Pharmaceuticals today and set a price target of $35.00. The company’s shares closed last Tuesday at $23.27.

According to TipRanks.com, Bayko is a 4-star analyst with an average return of 10.2% and a 45.8% success rate. Bayko covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Madrigal Pharmaceuticals, and Vertex Pharmaceuticals.

Currently, the analyst consensus on Kiniksa Pharmaceuticals is a Strong Buy with an average price target of $37.25, implying a 74.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $35.00 price target.

Insmed (INSM)

Mizuho Securities analyst Graig Suvannavejh maintained a Buy rating on Insmed today. The company’s shares closed last Tuesday at $70.95, close to its 52-week high of $80.53.

According to TipRanks.com, Suvannavejh has 0 stars on 0-5 stars ranking scale with an average return of -5.0% and a 45.4% success rate. Suvannavejh covers the Healthcare sector, focusing on stocks such as Harmony Biosciences Holdings, Neumora Therapeutics, Inc., and Amylyx Pharmaceuticals Inc.

Currently, the analyst consensus on Insmed is a Strong Buy with an average price target of $87.11, which is a 22.8% upside from current levels. In a report issued on October 28, Bank of America Securities also maintained a Buy rating on the stock.

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