Brokerages Set $27.38 Price Target for Moderna Inc (NASDAQ) (MRNA)

Moderna Inc (NASDAQ) (NYSE:MRNA) has been given an average broker rating score of 1.19 (Strong Buy) from the eight analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating and six have issued a strong buy rating on the company. Moderna Inc (NASDAQ)’s rating score has improved by 1.7% from 90 days ago as a result of various analysts’ ratings changes.

Brokerages have set a 1-year consensus price objective of $27.38 for the company and are forecasting that the company will post ($0.35) EPS for the current quarter, according to Zacks. Zacks has also assigned Moderna Inc (NASDAQ) an industry rank of 54 out of 255 based on the ratings given to related companies.

Separately, Chardan Capital reiterated a “buy” rating on shares of Moderna Inc (NASDAQ) in a research report on Sunday, April 7th.

Shares of MRNA stock traded down $0.30 on Wednesday, reaching $23.48. The stock had a trading volume of 13,426 shares, compared to its average volume of 1,013,042. Moderna Inc has a 1 year low of $13.03 and a 1 year high of $29.79.

About Moderna Inc (NASDAQ)

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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