Dynavax Technologies (DVAX, Financial) continues to attract attention in the stock market as leading analyst Roy Buchanan from JMP Securities maintains a "Market Outperform" rating for the company. Despite the steady rating, Buchanan has adjusted the stock's price target.
The updated price target for Dynavax Technologies (DVAX, Financial) has been lowered from $33.00 to $31.00 USD. This adjustment marks a 6.06% decrease in the projected price target by JMP Securities.
The decision to lower the price target comes on the heels of detailed analysis and assessment by the analyst, consistent with the current trends and market conditions facing Dynavax Technologies (DVAX, Financial).
Investors and market watchers are advised to take note of these changes as they assess their portfolios and investment strategies involving Dynavax Technologies (DVAX, Financial).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Dynavax Technologies Corp (DVAX, Financial) is $24.00 with a high estimate of $33.00 and a low estimate of $10.00. The average target implies an upside of 146.15% from the current price of $9.75. More detailed estimate data can be found on the Dynavax Technologies Corp (DVAX) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Dynavax Technologies Corp's (DVAX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dynavax Technologies Corp (DVAX, Financial) in one year is $12.11, suggesting a upside of 24.21% from the current price of $9.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dynavax Technologies Corp (DVAX) Summary page.
