Novavax stunned the market wit

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EdwardHughes
2022-08-12

Novavax stunned the market with a Q2 earnings release that underperformed significantly. It also markedly downgraded its FY22 revenue guidance, given waning demand and oversupply of COVID vaccines.

However, we believe the de-risking in its revenue guidance for Novavax is constructive, lowering the market's expectations. Therefore, we are confident that it should help Novavax outperform in H2'22.

The steep sell-off forced NVAX close to its June lows, which was held resiliently. With the recovery in market sentiments for biotech stocks, we are confident its lows should hold.

Therefore, we revise our rating from Sell to Speculative Buy, with a price target of $60.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ethanlam
·2022-08-12
hanoi quite wet leh
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KlWong
·2022-08-12
Ok
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podilato
·2022-08-12
👍🏻
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Zzzzs
·2022-08-12
K
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coffeeteaboy
·2022-08-12
Ok
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HermanL
·2022-08-12
cool
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nickg
·2022-08-12
👏👏👏👏
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tigee
·2022-08-12
k
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ElaineL
·2022-08-12
ok
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CW37
·2022-08-12
great
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THN
·2022-08-12
💪🏼
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Aoooo
·2022-08-12
Ok
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Aweee
·2022-08-12
👍🏼
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David_lim
·2022-08-12
Gf
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quantarize
·2022-08-12
ok
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bzwu
·2022-08-12
[smile]
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AngelineLim
·2022-08-12
great
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lololol13
·2022-08-12
k
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Appletizer
·2022-08-12
Nice
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SlowNana
·2022-08-12
Cry
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With the recovery in market sentiments for biotech stocks, we are confident its lows should hold.Therefore, we revise our rating from Sell to Speculative Buy, with a price target of $60.</body></html>","text":"Novavax stunned the market with a Q2 earnings release that underperformed significantly. It also markedly downgraded its FY22 revenue guidance, given waning demand and oversupply of COVID vaccines. However, we believe the de-risking in its revenue guidance for Novavax is constructive, lowering the market's expectations. Therefore, we are confident that it should help Novavax outperform in H2'22. The steep sell-off forced NVAX close to its June lows, which was held resiliently. With the recovery in market sentiments for biotech stocks, we are confident its lows should hold. 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