VXRT Stock – VXRT Stock price: 21.9% Increase Explanation
- The stock price of Vaxart Inc (NASDAQ: VXRT) increased by 21.9% yesterday. This is why it happened.
The stock price of Vaxart Inc (NASDAQ: VXRT) increased by 21.9% yesterday as it went from a previous close of $7.17 to $8.74. Investors responded positively to a bullish research report from Piper Sandler.
Piper Sandler analyst Yasmeen Rahimi had initiated coverage of Vaxart with an “Overweight” rating and an $18 price target. Rahimi noted that Vaxart is a clinical-stage biotech company that is developing 7 oral vaccines.
And Vaxart’s VAAST platform has been significantly de-risked through 5 clinical datasets that show safety and efficacy in 580 health patients — which increased conviction in an insulated pipeline with safe drug candidates. As a result, the company has high a success rate through 7 catalysts over the next couple of years.
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