Stock Track | Novavax Soars 5.05% on Monday Amid Analyst Buy Ratings and Positive Outlook

Stock Track11-18

Novavax (NVAX) stock surged 5.05% on Monday's intraday trading session, boosted by bullish analyst ratings and recommendations highlighting the company's strategic transformation and growth prospects.

B. Riley analyst Mayank Mamtani maintained a "Buy" rating on Novavax, adjusting the price target from $26 to $22. Mamtani's analysis cited the company's strategic refocusing efforts and potential for growth opportunities in the global vaccine market.

Other analysts polled by Capital IQ also expressed an overall positive outlook on Novavax, with average ratings of "Outperform" and price targets ranging from $9 to $25. The favorable analyst sentiment appears to be driving investor interest and contributing to the stock's upward momentum.

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