Moderna Inc (NASDAQ:MRNA) Receives $45.56 Average Price Target from Analysts
Moderna Inc (NASDAQ:MRNA) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $45.56.
Several analysts recently commented on MRNA shares. Roth Capital raised their price target on shares of Moderna from $33.00 to $41.00 in a research report on Thursday, April 16th. Oppenheimer lifted their target price on shares of Moderna from $31.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, April 15th. Chardan Capital lifted their target price on shares of Moderna from $40.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. ValuEngine lowered shares of Moderna from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets initiated coverage on shares of Moderna in a research report on Thursday, April 30th. They issued an “outperform” rating and a $83.00 target price on the stock.
MRNA stock opened at $66.69 on Wednesday. The firm has a market cap of $22.00 billion, a PE ratio of -44.46 and a beta of 0.55. The firm’s fifty day moving average is $43.08 and its 200 day moving average is $26.31. Moderna has a one year low of $11.54 and a one year high of $68.49.
Moderna, Inc, a clinical stage biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases. As of February 15, 2019 the company had 11 programs in clinical trials and a total of 20 development candidates in six modalities comprising prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted therapeutics, and systemic intracellular therapeutics.
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