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0.000937597666423473 0.00187519533284709 0.0038545681841859 0.00312532555474526 -0.0038545681841859 -0.0038545681841859 -0.0038545681841859 -0.0038545681841859
Stock impact report

What Makes Vaxcyte (PCVX) So Attractive [Yahoo! Finance]

Vaxcyte, Inc. (PCVX) 
Company Research Source: Yahoo! Finance
On December 9, BTIG analyst Thomas Shrader reiterated his bullish view of Vaxcyte Inc. (NASDAQ:PCVX). He assigned a Buy rating to the stock with a target price of $85. This results in an upside of over 83% from the current level. Sharder mentioned the positive results from Phase 2 trials for the VAX-31 vaccine, which will prove to be a building block for the critical Phase 3 trials. The upcoming trial's robust design involves a stringent success criterion involving a noninferiority margin for immunogenicity. This could ensure that VAX-31 would turn out to be a more effective cure for adult pneumococcal conditions. Sharder also highlighted the target market for VAX-31, which ranges from ages 50 to 65 and offers potential for strong market adoption. The analyst views all these factors to place Vaxcyte Inc. (NASDAQ:PCVX) in a strong competitive position. Even the consensus ratings also indicate analysts' optimism about Vaxcyte Inc. (NASDAQ:PCVX). At the close of play on December 1 Show less Read more
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