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Morgan Stanley Keeps a Hold Rating on Moderna (MRNA)

Morgan Stanley analyst Matthew Harrison maintained a Hold rating on Moderna (MRNAResearch Report) today and set a price target of $197.00. The company’s shares closed last Thursday at $194.14.

According to TipRanks.com, Harrison is a 4-star analyst with an average return of 7.0% and a 51.0% success rate. Harrison covers the Healthcare sector, focusing on stocks such as Centessa Pharmaceuticals, BioMarin Pharmaceutical, and Ionis Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Moderna with a $211.90 average price target, representing a 14.1% upside. In a report issued on August 1, J.P. Morgan also initiated coverage with a Hold rating on the stock with a $165.00 price target.

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Moderna’s market cap is currently $74.18B and has a P/E ratio of 5.69.

Based on the recent corporate insider activity of 199 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRNA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Incorporated in 2010, Massachusetts-based Moderna, Inc. is a clinical stage biotechnology company which develops therapeutics and vaccines based on messenger ribonucleic acid (mRNA) for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases. Its product pipeline includes the following modalities: prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted therapeutics, and systemic intracellular therapeutics.

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