Zacks Investment Research upgraded shares of Moderna (NASDAQ:MRNA) from a hold rating to a buy rating in a research report sent to investors on Saturday. They currently have $15.00 price target on the stock.

According to Zacks, “Moderna Inc. is a clinical stage biotechnology company pioneering messenger RNA therapeutics and vaccines for patients. The company’s product pipeline which is in clinical stage consists of mRNA-1647 for Cytomegalovirus Infectious Disease, mRNA-4157 for Solid tumors, mRNA-2416 for lymphoma and mRNA- 2752 for Relapsed/Refractory solid tumors malignancies. Moderna Inc. is based in Cambridge, United States. “

MRNA has been the topic of several other reports. Piper Jaffray Companies upped their price target on Moderna from $24.00 to $30.00 and gave the company an overweight rating in a research report on Wednesday, May 8th. Chardan Capital reissued a buy rating and set a $40.00 price target on shares of Moderna in a research report on Sunday, June 2nd. Finally, Oppenheimer upped their price target on Moderna from $27.00 to $31.00 and gave the company an outperform rating in a research report on Wednesday, May 29th. Ten equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of $26.30.

Shares of Moderna stock opened at $13.30 on Friday. The firm has a market capitalization of $4.39 billion and a price-to-earnings ratio of -2.69. Moderna has a 12-month low of $11.54 and a 12-month high of $29.79. The stock’s fifty day moving average is $13.90.

Moderna Company Profile

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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