Goldman Sachs Initiates Coverage On Dynavax Technologies with Neutral Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Paul Choi has initiated coverage on Dynavax Technologies (DVAX) with a Neutral rating and set a price target of $20.

February 01, 2024 | 12:00 pm
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NEUTRAL IMPACT
Goldman Sachs initiated coverage on Dynavax Technologies with a Neutral rating and a price target of $20.
The initiation of coverage by a major financial institution like Goldman Sachs generally brings increased attention to a stock. However, the Neutral rating suggests that Goldman Sachs views DVAX as fairly valued at its current price, implying limited short-term price movement. The price target of $20 provides a reference point for investors but does not suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90