H.C. Wainwright analyst Patrick Trucchio initiated coverage with a Buy rating on Vir Biotechnology (VIR) today and set a price target of $75.00. The company’s shares closed last Friday at $52.86.
According to TipRanks.com, Trucchio is a 3-star analyst with an average return of 4.7% and a 48.1% success rate. Trucchio covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Flexion Therapeutics, and Alnylam Pharma.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vir Biotechnology with a $55.50 average price target, implying a 6.8% upside from current levels. In a report issued on August 12, Barclays also maintained a Buy rating on the stock with a $61.00 price target.
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The company has a one-year high of $75.00 and a one-year low of $11.65. Currently, Vir Biotechnology has an average volume of 1.25M.
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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.
