BofA Notes Positive Interest in Novavax, Inc. (NVAX) Technology Despite Timing Concerns for Licensed Assets

We recently compiled a list of the 9 High Growth Small Cap Stocks That Are Profitable. Novavax, Inc. stands second on our list of high growth stocks.

TheFly reported on January 20 that BofA raised its price target on NVAX to $7 from $6 while maintaining an Underperform rating. The update followed the company’s announcement of a non-exclusive licensing deal with Pfizer for its Matrix-M adjuvant across up to two infectious disease areas. While BofA views the agreement and upfront payment as positive signs of interest in Novavax, Inc. (NASDAQ:NVAX)’s technology, the firm remains cautious about the timing of development for assets under the license and continues to rate the stock Underperform.

BofA Notes Positive Interest in Novavax, Inc. (NVAX) Technology Despite Timing Concerns for Licensed Assets

Additionally, on January 21, NVAX saw unusually strong bullish options activity, with call trading running at roughly three times normal levels. Implied volatility jumped by nearly eight points to above 71%, while the put/call ratio fell to 0.07, reflecting strong upside positioning ahead of the company’s expected earnings later in February.

Novavax, Inc. (NASDAQ:NVAX) is a U.S. biotechnology company developing and commercializing innovative vaccines against serious infectious diseases using its recombinant protein platform and Matrix‑M adjuvant. Its portfolio includes COVID‑19 vaccines and pipeline candidates for influenza and combo vaccines, supported by strategic partnerships to expand global health impact.

While we acknowledge the risk and potential of NVAX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVAX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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