Q2 STOCKS TO BUY

Bull Notes for 3 Wall Street Rookies

Analysts set high price targets for TWST, AXNX, and ORTX

Nov 26, 2018 at 10:11 AM
facebook X logo linkedin


Today we're going to be looking at three bullish analyst notes out of the healthcare sector. More specifically, Twist Bioscience Corp (NASDAQ:TWST), Axonics Modulation Technologies Inc (NASDAQ:AXNX), and Orchard Therapeutics (NASDAQ:ORTX) all received upbeat attention from the brokerage community, so we'll check in on shares of TWST, AXNX, and ORTX below.

Let's begin with TWST stock. Cowen and Company initiated coverage on the synthetic DNA manufacturing specialist with an "outperform" designation, becoming the first brokerage firm to track the equity. Twist Bioscience shares began trading publicly on Oct. 31 at $13, rallying to as high as $29.21 on Nov. 16. Since then they've found support atop the newly formed 10-day moving average, and are up 8.9% today at $28.30.

Turning to AXNX stock, it also just had its initial public offering (IPO) late last month, and opened for trade at $16.05 on Oct. 31. Its technical performance hasn't been as impressive as TWST, as it's mostly traded sideways, closing Friday just below $15. Analysts are expecting a turnaround for the medical technology stock, though, with Morgan Stanley and Wells Fargo each issuing the equivalent of "buy" ratings this morning, on top of respective price targets of $21 and $22. Axonics Modulation Technologies was last seen down 1.8% at $14.65, however.

Finally, Orchard Therapeutics began trading publicly at $17 on Oct. 31. Following a brief pullback after its post-IPO pop, the stock reversed course to hit an all-time high of $19.24 on Nov. 19. Today, the shares are down 0.4% at $16.70, even after Cowen's new "outperform" rating and $27 price target -- almost 62% above current levels. Meanwhile, Wedbush also initiated coverage with an "outperform" rating and $25 price target.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter