Analysts Are Bullish on Top Healthcare Stocks: Zynerba Pharmaceuticals (ZYNE), KemPharm (KMPH)

By Jason Carr

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Zynerba Pharmaceuticals (NASDAQ:ZYNE) and KemPharm (NASDAQ:KMPH) with bullish sentiments.

Zynerba Pharmaceuticals (ZYNE)

Canaccord Genuity analyst Arlinda Lee maintained a Buy rating on Zynerba Pharmaceuticals yesterday and set a price target of $18. The company’s shares opened today at $10.11.

According to TipRanks.com, Lee is a 3-star analyst with an average return of 2.0% and a 44.2% success rate. Lee covers the Healthcare sector, focusing on stocks such as Eloxx Pharmaceuticals Inc, Karyopharm Therapeutics, and Aquinox Pharmaceuticals.

Zynerba Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $20.33, implying a 101.1% upside from current levels. In a report issued on July 5, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $20 price target.

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KemPharm (KMPH)

Canaccord Genuity analyst Dewey Steadman maintained a Buy rating on KemPharm yesterday and set a price target of $11. The company’s shares opened today at $6.

Steadman said:

“We maintain our BUY rating on KMPH shares given what we see as a potentially positive product profile for KP415 once all the data kinks are worked out. We’d be buyers on any KMPH weakness on this data read.”

According to TipRanks.com, Steadman is a 4-star analyst with an average return of 7.9% and a 54.7% success rate. Steadman covers the Healthcare sector, focusing on stocks such as ANI Pharmaceuticals Inc, Pacira Pharmaceuticals, and Perrigo Company plc.

KemPharm has an analyst consensus of Strong Buy, with a price target consensus of $13.67.

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