Oppenheimer analyst Hartaj Singh maintained a Buy rating on Moderna (MRNA) yesterday and set a price target of $31.00. The company’s shares closed last Monday at $29.16, close to its 52-week high of $29.98.
According to TipRanks.com, Singh is a 4-star analyst with an average return of 4.8% and a 44.7% success rate. Singh covers the Healthcare sector, focusing on stocks such as Alexion Pharmaceuticals, Vertex Pharmaceuticals, and Strongbridge Biopharma.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Moderna with a $31.86 average price target, representing a 9.7% upside. In a report issued on February 11, Chardan Capital also reiterated a Buy rating on the stock with a $40.00 price target.
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Based on Moderna’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $124 million. In comparison, last year the company had a GAAP net loss of $141 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MRNA in relation to earlier this year.
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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.
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