Analyst Phil Nadeau from TD Cowen maintained a Buy rating on Dynavax (DVAX – Research Report) and keeping the price target at $25.00.
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Phil Nadeau’s rating is based on Dynavax’s solid performance and future growth potential. The company reported consistent Heplisav sales for Q4, aligning with previous forecasts, and achieved a significant year-over-year increase. Looking forward, Dynavax anticipates an increase in Heplisav revenue and expects to capture a majority share of the growing U.S. adult hepatitis B vaccine market by 2027.
Furthermore, Dynavax’s strong cash position and ongoing clinical trials, such as the Phase I/II study for the Z-1018 shingles vaccine, highlight its potential for future development and market expansion. These factors contribute to the perception that the company’s stock is undervalued, prompting a Buy rating from Nadeau.
Nadeau covers the Healthcare sector, focusing on stocks such as Vertex Pharmaceuticals, Neurocrine, and Dynavax. According to TipRanks, Nadeau has an average return of 2.7% and a 41.61% success rate on recommended stocks.