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Jefferies Starts Roivant Sciences (ROIV) at Buy

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Roivant Sciences (ROIV) Stock Surges 20% as Three Street Firms Initiate Coverage With Positive Ratings

October 26, 2021 8:47 AM EDT

Shares of Roivant Sciences (NASDAQ: ROIV) are up over 20% in pre-open Tuesday after the company received positive ratings at three Street research firms.

Analysts at Jefferies, Truist and Cowen started research coverage of Roivant at Buy or equivalent. Earlier this month, Roivant closed its $7 billion SPAC deal with Montes Archimedes, agreed in May.

Cowen analyst started at Outperform as the ROIV stock price offers a solid entry point. Shares of the company are... More

Truist Securities Starts Roivant Sciences (ROIV) at Buy

October 26, 2021 6:09 AM EDT

Truist Securities analyst Robyn Karnauskas initiates coverage on Roivant Sciences (NASDAQ: ROIV) with a Buy rating and a price target of $15.00.

The analyst commented, "Roivants novel business model underappreciated by investors, in our view; with their evolving AI technology platform and... More

Cowen Starts Roivant Sciences (ROIV) at Outperform

October 26, 2021 5:38 AM EDT

Cowen analyst Yaron Werber initiates coverage on Roivant Sciences (NASDAQ: ROIV) with an Outperform rating.

The analyst commented, "Roivant aims to revolutionize drug development by integrating multiple subsidiaries discovery platforms with others manufacturing/clinical resources. Dermavants tapinarof is highly promising based on consultant... More