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Novavax (NVAX) Receives a Sell from Bank of America Securities

Tipranks - Tipranks - Thu Apr 9, 6:10AM CDT

In a report released today, Alec Stranahan from Bank of America Securities reiterated a Sell rating on Novavax, with a price target of $8.00.

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Stranahan covers the Healthcare sector, focusing on stocks such as Moderna, Novavax, and Crispr Therapeutics AG. According to TipRanks, Stranahan has an average return of 5.0% and a 49.85% success rate on recommended stocks.

Currently, the analyst consensus on Novavax is a Hold with an average price target of $12.67.

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Based on Novavax’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $147.14 million and a net profit of $17.53 million. In comparison, last year the company earned a revenue of $88.31 million and had a GAAP net loss of $81.03 million

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