Bank of America Securities Sticks to Their Sell Rating for Novavax (NVAX)
In a report released yesterday, Alec Stranahan from Bank of America Securities reiterated a Sell rating on Novavax, with a price target of $7.00. The company’s shares closed yesterday at $7.59.
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Stranahan covers the Healthcare sector, focusing on stocks such as Revolution Medicines, Novavax, and Janux Therapeutics Inc. According to TipRanks, Stranahan has an average return of 4.2% and a 56.32% success rate on recommended stocks.
Novavax has an analyst consensus of Hold, with a price target consensus of $11.33.
Based on Novavax’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $239.24 million and a net profit of $106.51 million. In comparison, last year the company earned a revenue of $415.48 million and had a net profit of $162.38 million
Read More on NVAX:
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- Novavax Reports Q3 2025 Earnings and Strategic Progress
- Novavax’s Q3 2025 Earnings Call: Optimistic Outlook
- Novavax reports Q3 EPS ($1.25), consensus (92c)
- Novavax raises FY25 adjusted revenue view to $1.04B-$1.06B from $1B-$1.05B
