RBC Capital analyst Conor McNamara maintains $Maravai LifeSciences (MRVI.US)$ with a buy rating, and adjusts the target price from $17 to $13.
According to TipRanks data, the analyst has a success rate of 38.4% and a total average return of -7.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Maravai LifeSciences (MRVI.US)$'s main analysts recently are as follows:
Maravai Lifesciences reported a Q3 loss wider than anticipated. This comes after consistent solid performance in comparison to guidance across three consecutive quarters. The company has been impacted by the challenging biotech spending landscape and the irregular order patterns from customers that are characteristic of their sector.
Maravai Lifesciences' third-quarter results fell short of expectations, with performance lagging in both segments compared to projections. The company indicated a decline in research/discovery demand, an absence of significant drop-in orders, and a postponement of several GMP program timings into 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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