JMP Securities Maintains Market Outperform Rating for Dynavax Technologies: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Dynavax Technologies DVAX and raise its price target from $22.00 to $25.00.

Shares of Dynavax Technologies are trading down 4.55% over the last 24 hours, at $10.28 per share.

A move to $25.00 would account for a 143.19% increase from the current share price.

About Dynavax Technologies

Dynavax Technologies Corp is a biopharmaceutical company. The company focuses on leveraging the power of the body's innate and adaptive immune responses through toll-like receptor stimulation. Its current product candidates are being investigated for use in multiple cancer indications as a vaccine for the prevention of hepatitis B. Dynavax operates in the business segment of discovery, development, and commercialization of novel vaccines. Its Toll-like Receptor Immune Modulation Platform technology plays a vital role in innate immunity and subsequent adaptive immunity. The company generates the vast majority of its revenue from the sale of its CpG 1018 product.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.