Why Novavax Stock Is Soaring Today
Shares of flu vaccine researcher Novavax (NASDAQ: NVAX) shot up 13.7% in early trading Tuesday after a positive analyst note out of Citigroup predicted "strong market opportunities" for the company's new NanoFlu nanoparticle-based flu vaccine. At last report, however, Novavax shares were spotted retracing their gains -- but still up 6.9% as of 11:40 a.m. EDT.
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Citigroup gave its stamp of approval to Novavax stock, calling NanoFlu "underappreciated by the Street." According to the analyst, Novavax shares that currently trade for just $1.09 apiece could shoot up as high as $1.60 per share within a year.
Source: Fool.com
Novavax Inc. Stock
€13.11
-0.170%
Currently there is a rather positive sentiment for Novavax Inc. with 5 Buy predictions and 2 Sell predictions.
As a result the target price of 17 € shows a positive potential of 29.69% compared to the current price of 13.11 € for Novavax Inc..
