Argus Research Maintains Buy Rating for Moderna: Here's What You Need To Know

Argus Research has decided to maintain its Buy rating of Moderna MRNA and lower its price target from $180.00 to $150.00.

Shares of Moderna are trading up 7.03% over the last 24 hours, at $140.53 per share.

A move to $150.00 would account for a 6.74% increase from the current share price.

About Moderna

Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its COVID-19 vaccine, which was authorized in the United States in December 2020. Moderna had 44 mRNA development programs as of early 2022, with 25 of these in clinical trials. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.