After analyzing the opinions of 7 analysts, Arvinas (NASDAQ: ARVN) has received a mix of ratings ranging from bullish to bearish as of February 28, 2024.
In the last month, there were no bullish ratings, 2 somewhat bullish ratings, and no indifferent, somewhat bearish, or bearish ratings. This is a shift from the ratings one month prior, which included 1 bullish rating, no somewhat bullish ratings, 2 indifferent ratings, and no somewhat bearish or bearish ratings.
The average 12-month price target for Arvinas stands at $60.29, with a high estimate of $80.00 and a low estimate of $40.00. This marks a 29.94% increase from the previous average of $46.40.
Recent actions taken by analysts include:
– Robert Driscoll from Wedbush upgraded the rating to Outperform with a current price target of $59.00.
– Matthew Biegler from Oppenheimer downgraded the rating to Outperform with a price target of $80.00.
– Yigal Nochomovitz from Citigroup upgraded the rating to Neutral with a price target of $55.00.
– Paul Choi from Goldman Sachs initiated a Buy rating with a price target of $70.00.
– Derek Archila from Wells Fargo initiated an Overweight rating with a price target of $63.00.
– Akash Tewari from Jefferies upgraded the rating to Buy with a price target of $40.00.
These actions demonstrate the fluidity of analyst recommendations in response to market conditions and company performance, highlighting the dynamic nature of the financial landscape.
ARVN Stock Declines by 1.60% on February 28, 2024: Investors Advised to Monitor Performance Closely
On February 28, 2024, ARVN stock experienced a decline in its performance. The stock closed at $48.01, which was $0.78 lower than the previous closing price, representing a 1.60% drop in value. Additionally, in after-hours trading, the stock dropped even further by $0.96.
Despite this decline, ARVN is still trading near the top of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been performing well overall in the longer term, but the recent drop in price may be a cause for concern for investors.
It is important for investors to carefully monitor the performance of ARVN stock in the coming days to see if this downward trend continues or if the stock is able to rebound. Factors such as market conditions, company news, and industry trends can all impact the performance of a stock, so it is important to stay informed and make well-informed investment decisions.
ARVN Stock Performance Analysis: Mixed Results on February 28, 2024
On February 28, 2024, ARVN stock had mixed performances based on the financial data provided by CNN Money. The total revenue for the company was reported at $78.50 million for the past year, showing a decrease of 40.26% compared to the previous year. However, the total revenue remained unchanged from the last quarter at -$43.10 million.
Similarly, the net income for ARVN was reported at -$367.30 million for the past year, reflecting a decrease of 30.02% compared to the previous year. The net income also remained unchanged from the last quarter at -$154.80 million.
Earnings per share (EPS) for ARVN were reported at -$6.62 for the past year, showing a decrease of 24.63% compared to the previous year. The EPS also remained unchanged from the last quarter at -$2.53.
Overall, the financial performance of ARVN stock on February 28, 2024, was mixed with a significant decrease in total revenue, net income, and earnings per share compared to the previous year. However, the company managed to maintain its financial performance from the last quarter.
