William Blair analyst Matt Larew has maintained their neutral stance on MRVI stock, giving a Hold rating today.
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Matt Larew has given his Hold rating due to a combination of factors that reflect both challenges and potential within Maravai Lifesciences Holdings. The company’s new leadership has communicated a strategic shift, indicating an active review of its future direction and necessary adjustments to align the business with achievable goals. This proactive approach is promising, yet the immediate withdrawal of guidance suggests uncertainty in the short term, warranting a cautious stance.
Despite reporting second-quarter revenue that slightly exceeded expectations, Maravai faced a shortfall in earnings, with adjusted gross margin and EBITDA missing targets. The company’s revenue from Nucleic Acid Production and Biologics Safety Testing showed growth, but overall performance was impacted by a significant year-over-year decline. These mixed results, combined with the ongoing strategic review, support the decision to maintain a Hold rating as the company works to stabilize and potentially unlock value in the future.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $2.00 price target.