1 Wall Street Analyst Thinks Novavax Stock Is Going to $10. Is It a Sell?
(NASDAQ: NVAX) took a turn in the investor spotlight in early May, when the vaccine specialist announced -- on the same day it unveiled its first-quarter results -- a collaboration deal with Sanofi.
Understandably, Novavax's share price leaped on news of the potentially lucrative deal with the global pharmaceutical sector company. This has left the stock fairly valued, in the opinion of one analyst tracking the company. He's got a point, I believe.
TD Cowen's Brendan Smith doubled his price target on Novavax following those two pieces of news. He now feels it's worth $10 per share, exactly double his previous fair value estimation.
Source Fool.com
Novavax Inc. Stock
€12.20
-6.530%
Currently there is a rather positive sentiment for Novavax Inc. with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 17 € shows a positive potential of 39.34% compared to the current price of 12.2 € for Novavax Inc..
