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Equities research analysts at Stifel Nicolaus hoisted their price target on shares of NewLink Genetics Corp. (NASDAQ:NLNK) from $31.00 to $53.00 in a research note issued to investors on Wednesday, AR Network reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 51.34% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of NewLink Genetics Corp. (NASDAQ:NLNK) traded up 0.43% on Wednesday, hitting $35.17. The stock had a trading volume of 405,360 shares. NewLink Genetics Corp. has a 1-year low of $11.19 and a 1-year high of $35.26. The stock has a 50-day moving average of $23.67 and a 200-day moving average of $19.4. The company’s market cap is $904.1 million.

NewLink Genetics Corp. (NASDAQ:NLNK) last released its earnings data on Monday, November 11th. The company reported ($0.32) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.33) by $0.01. During the same quarter in the prior year, the company posted ($0.28) earnings per share. On average, analysts predict that NewLink Genetics Corp. will post $-1.29 earnings per share for the current fiscal year.

NewLink Genetics Corporation operates as a biopharmaceutical company. The Company, based in the United States, is focused on discovering, developing, and commercializing immunotherapeutic products to improve cancer treatment options for patients and physicians.

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