Craig-Hallum analyst Matt Hewitt maintains $Maravai LifeSciences (MRVI.US)$ with a buy rating, and adjusts the target price from $15 to $12.
According to TipRanks data, the analyst has a success rate of 44.6% and a total average return of -0.5% 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 in comparison to their forecasts, Maravai Lifesciences experienced a setback due to the challenging biotech spending climate and the irregular ordering patterns from customers that are characteristic of their industry.
Maravai Lifesciences' third-quarter results fell short of expectations, with performance in both segments not meeting projections. The company indicated a decline in research/discovery demand, an absence of sizable drop-in orders, and some delays in GMP program timing extending into 2025.
Note:
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