First Berlin reiterates Buy on Valneva, cuts price target to EUR 4.4

Reuters2026/08/21 08:04

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First Berlin reiterated a Buy rating on Valneva in a Q2/26 update, cutting its 12-month price target to EUR 4.4 from EUR 4.5.
Q2 product sales fell 21% to below the EUR 34.7 million consensus estimate, hit by one-off factors.
The EUR 142.5 million midpoint of 2026 product sales guidance implies 17.3% year-on-year growth in H2 sales.
Gross margin sank to 4.6% from 50.1% a year earlier; First Berlin expects a rebound to above 50% in H2.
First Berlin kept a 67% FDA approval probability for LB6V; regulatory decisions in Europe, the US seen within 12 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valneva SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_26610) on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

First Berlin reiterates Buy on Valneva, cuts price target to EUR 4.4

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