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Msg  189371 of 203213  at  8/13/2022 10:58:42 AM  by

sami2001


Novavax Q2: Time To Turn Bullish After The Massive Collapse

Summary

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.

https://seekingalpha.com/article/4532863-novavax-q2-earnings-time-to-turn-bullish-after-massive-collapse?source=content_type:all|first_level_url:portfolio|section:portfolio_content_unit|section_asset:latest|line:3


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Replies
Msg # Subject Author Recs Date Posted
189374 Re: Novavax Q2: Time To Turn Bullish After The Massive Collapse rzrbackrob 0 8/13/2022 12:05:04 PM
189376 Re: Novavax Q2: Time To Turn Bullish After The Massive Collapse castletower 2 8/13/2022 12:54:01 PM




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