Aegis assumed coverage on shares of Inovio Pharmaceuticals (NYSE: INO) in a report released on Monday. The firm issued a buy rating and a $1.50 target price on the stock.
“We are initiating coverage of Inovio Pharmaceuticals, Inc. with a Buy rating and a 12-month price target of $1.50 per share. In our view, Inovio is a highly diversified developer of differentiated DNA-based vaccines, which could represent novel and highly effective ways to treat various inflammatory, oncology-focused and infectious disorders. Our price target is derived from a comparable universe-based valuation methodology, which forecasts a total enterprise value of roughly $250mm based on the average valuations of comparable companies in the infectious disease and oncology arenas.,” Aegis’ analyst wrote.
A number of other firms have also recently commented on INO. Analysts at Maxim Group initiated coverage on shares of Inovio Pharmaceuticals in a research note to investors on Thursday, January 31st. They set a buy rating and a $1.00 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Inovio Pharmaceuticals in a research note to investors on Thursday, January 17th. They set an overweight rating and a $1.00 price target on the stock.
Shares of Inovio Pharmaceuticals opened at 0.5377 on Monday. Inovio Pharmaceuticals has a one year low of $0.38 and a one year high of $0.83. The stock’s 50-day moving average is currently $0.68. The company’s market cap is $74.9 million.
Inovio Pharmaceuticals, Inc., formerly Inovio Biomedical Corporation, is engaged in the discovery, development, and delivery of vaccines, called deoxyribonucleic acid (DNA) vaccines, focused on cancers and infectious diseases.
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