Alert: Rating Downgrade (11/10/23)-Innoviva Inc (NASDAQ: INVA).


Stock Rating Downgrade

In the last week the Value Trend Rating for Innoviva Inc (NASDAQ: INVA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

On 11/10/23, Innoviva Inc (NASDAQ: INVA) stock declined slightly by -0.07%, closing at $13.47. The stock has risen 1.4% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, INVA is expected to be Value Creation neutral.

Innoviva has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Innoviva has a slightly negative Appreciation Score of 34 but a good Power Rating of 74, resulting in the Neutral Value Trend Rating.

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