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Bank of America Securities Reaffirms Their Sell Rating on Moderna (MRNA)

Tipranks - Tipranks - Tue Apr 21, 5:30AM CDT

Bank of America Securities analyst Alec Stranahan maintained a Sell rating on Moderna today and set a price target of $31.00.

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Stranahan covers the Healthcare sector, focusing on stocks such as Moderna, Novavax, and CG Oncology, Inc.. According to TipRanks, Stranahan has an average return of 11.6% and a 54.91% success rate on recommended stocks.

Moderna has an analyst consensus of Hold, with a price target consensus of $37.50.

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Based on Moderna’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $678 million and a GAAP net loss of $826 million. In comparison, last year the company earned a revenue of $956 million and had a GAAP net loss of $1.12 billion

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