BofA Securities analyst Michael Ryskin maintains $Maravai LifeSciences (MRVI.US)$ with a buy rating, and adjusts the target price from $10 to $9.
According to TipRanks data, the analyst has a success rate of 47.9% and a total average return of -0.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Maravai LifeSciences (MRVI.US)$'s main analysts recently are as follows:
Following three consecutive quarters of strong performance compared to guidance, Maravai Lifesciences experienced a setback due to the current challenging spending environment within the biotech sector and the sporadic nature of customer orders that is characteristic of their operations.
Maravai Lifesciences' third-quarter results did not meet expectations, as both segments performed below projections. The company experienced subdued demand in research and discovery, the absence of significant one-time orders, and encountered delays in some GMP program schedules extending into 2025.
Note:
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