In a report released today, Roy Buchanan from JMP Securities reiterated a Buy rating on CureVac (CVAC – Research Report), with a price target of $23.00. The company’s shares opened today at $10.25.
According to TipRanks, Buchanan is an analyst with an average return of -27.6% and a 28.24% success rate. Buchanan covers the Healthcare sector, focusing on stocks such as Arbutus Biopharma, Enanta Pharmaceuticals, and CureVac.
Currently, the analyst consensus on CureVac is a Moderate Buy with an average price target of $17.80.
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CVAC market cap is currently $2.23B and has a P/E ratio of -7.43.
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CureVac BV a clinical-stage biopharmaceutical company developing a new class of transformative medicines based on messenger ribonucleic acid that has the potential to improve the lives of people. The company’s product portfolio includes clinical and preclinical candidates across multiple disease indications in oncology, prophylactic vaccines and protein therapy. Its clinical programs are CV8102, which it is evaluating in a Phase 1 clinical trial for the treatment of four types of solid tumors, and CV7202, which it is investigating in a Phase 1 clinical trial for potential vaccination against rabies. It is also rapidly advancing its mRNA vaccine program against coronavirus SARS- CoV-2), for which the company initiated a Phase 1 clinical trial.
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