In a report released today, Mayank Mamtani from B.Riley Financial reiterated a Buy rating on Novavax (NVAX – Research Report), with a price target of $74.00. The company’s shares opened today at $16.97.
According to TipRanks, Mamtani is an analyst with an average return of -30.9% and a 18.80% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Novavax, Altimmune, and Agenus.
The word on The Street in general, suggests a Hold analyst consensus rating for Novavax with a $54.25 average price target.
The company has a one-year high of $236.50 and a one-year low of $16.00. Currently, Novavax has an average volume of 4.91M.
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Novavax, Inc. is a late-stage biotechnology company, which focuses on the discovery, development and commercialization of vaccines to prevent infectious diseases. It produces vaccine candidates to respond to both known and emerging disease threats by using the proprietary recombinant nanoparticle vaccine technology. Its vaccine candidates include ResVax and NanoFlu. It also develops immune stimulating saponin-based adjuvants through its wholly owned Swedish subsidiary, Novavax AB. The company was founded in 1987 and is headquartered in Gaithersburg, MD.
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