In a report released today, Joseph Stringer from Needham assigned a Hold rating to Moderna (MRNA). The company’s shares closed last Thursday at $148.38.
According to TipRanks.com, Stringer is a 3-star analyst with an average return of 10.1% and a 46.7% success rate. Stringer covers the Healthcare sector, focusing on stocks such as Apellis Pharmaceuticals, Crispr Therapeutics AG, and ACADIA Pharmaceuticals.
Currently, the analyst consensus on Moderna is a Moderate Buy with an average price target of $169.08, which is a 12.1% upside from current levels. In a report issued on February 18, Morgan Stanley also maintained a Hold rating on the stock with a $215.00 price target.
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The company has a one-year high of $189.26 and a one-year low of $19.31. Currently, Moderna has an average volume of 22.98M.
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Moderna, Inc. engages in the development of transformative medicines based on messenger ribonucleic acid (mRNA). Its product pipeline includes the following modalities: prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted therapeutics, and systemic intracellular therapeutics. The company was founded by Noubar B. Afeyan, Robert S. Langer, Jr., Derrick J. Rose and Kenneth R. Chien in 2010 and is headquartered in Cambridge, MA.
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