Stock Track | Savara Inc Soars 6.32% Pre-market on Multiple Analyst Upgrades and Price Target Increases

Stock Track
Aug 15

Savara Inc (SVRA) shares are surging 6.32% in pre-market trading on Friday, following a series of analyst upgrades and price target increases. The biotech company has attracted positive attention from Wall Street, with multiple firms expressing optimism about its prospects.

H.C. Wainwright made a significant move by upgrading Savara from Neutral to Buy and more than doubling its price target from $2 to $5. Analyst Andrew Fein cited the company's alignment on resubmission prospects as a key factor in the upgrade. Meanwhile, Oppenheimer reiterated its Outperform rating on Savara and raised its price target from $5 to $6, further boosting investor confidence.

The overall sentiment among analysts remains bullish, with Savara maintaining an average rating of Buy. According to analysts polled by FactSet, the mean price target for SVRA stock now stands at $7.93, suggesting significant upside potential from its current trading levels. This wave of positive analyst actions appears to be the primary driver behind Savara's pre-market rally, as investors react to the improved outlook for the company.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10