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Citigroup analyst Yigal Nochomovitz maintains a Buy rating on Zymeworks (ZYME) with a raised price target of $22.00, a 15.79% increase. The updated analyst outlooks on Zymeworks can be insightful for investors considering positions in the bio-pharmaceutical sector. Zymeworks is a clinical-stage biopharmaceutical company with a clinical candidate, zanidatamab, currently being evaluated in multiple Phase 1, Phase 2, and pivotal clinical trials globally.
Analysts are bullish on healthcare stocks, with strong buy ratings for Neuren Pharmaceuticals (NURPF), Zymeworks (ZYME), and Celldex (CLDX). Neuren Pharmaceuticals has a strong buy consensus rating with an average price target of $17.35, representing a potential 57.7% upside. Zymeworks has received a moderate buy rating with an average price target of $20.88, which implies a 69.5% upside. Celldex has been given a strong buy rating with an average price target of $55.25, representing a potential 169.0% upside. These ratings reflect analysts' optimism about the future prospects of these healthcare stocks [1].
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