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

Tipranks - Tipranks - Sat Jan 31, 7:28AM CST

Bank of America Securities analyst Alec Stranahan reiterated a Sell rating on Novavax today and set a price target of $7.00.

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Stranahan covers the Healthcare sector, focusing on stocks such as Novavax, Crispr Therapeutics AG, and Agios Pharma. According to TipRanks, Stranahan has an average return of 8.7% and a 53.72% success rate on recommended stocks.

Novavax has an analyst consensus of Hold, with a price target consensus of $11.25.

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Based on Novavax’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $70.45 million and a GAAP net loss of $202.38 million. In comparison, last year the company earned a revenue of $84.51 million and had a GAAP net loss of $121.3 million

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