Vir Biotechnology (VIR) Gets a Buy from Needham

Needham analyst Joseph Stringer reiterated a Buy rating on Vir Biotechnology (VIRResearch Report) today and set a price target of $32.00. The company’s shares opened today at $28.04.

Stringer covers the Healthcare sector, focusing on stocks such as Alnylam Pharma, Cidara Therapeutics, and Moderna. According to TipRanks, Stringer has an average return of 9.7% and a 48.56% success rate on recommended stocks.

Currently, the analyst consensus on Vir Biotechnology is a Moderate Buy with an average price target of $58.33.

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VIR market cap is currently $3.88B and has a P/E ratio of 3.43.

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Vir Biotechnology, Inc. engages in the provision of technologies to treat and prevent infectious diseases. Its technology platforms include antibody, T cell, innate immunity, and siRNA. The company was founded by Robert Taylor Nelsen, Klaus Frueh, Jay Parrish, Lawrence Corey, and Louis Picker in 2016 and is headquartered in San Francisco, CA.

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