Share on StockTwits

Investment analysts at Mizuho initiated coverage on shares of Pfenex (NASDAQ:PFNX) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $12.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 84.62% from the stock’s previous close.

Shares of Pfenex (NASDAQ:PFNX) opened at 6.50 on Monday. Pfenex has a 52-week low of $5.28 and a 52-week high of $6.57. The stock has a 50-day moving average of $6.00 and a 200-day moving average of $6.00. The company’s market cap is $125.0 million.

Pfenex Inc is a clinical-stage biotechnology company. The Company engaged in the development of difficult to manufacture and proteins, initially focused on biosimilar therapeutics (NASDAQ:PFNX).

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.