Shares of Vir Biotechnology, Inc. (VIR) are surging in intraday trading, with the stock price soaring 5.03%. This significant uptick comes on the heels of bullish analyst ratings from two major financial institutions.
Morgan Stanley has reiterated its Buy rating on Vir Biotechnology, setting a price target of $20.00. This optimistic outlook suggests substantial upside potential for the stock. Additionally, TD Cowen has maintained its Buy rating on VIR, further bolstering investor confidence in the biotechnology company.
These positive assessments from respected Wall Street analysts appear to be driving the stock's impressive performance today. Investors are likely interpreting these Buy ratings as indicators of Vir Biotechnology's strong market position and growth prospects in the competitive biotech sector.