Invivyd (IVVD) has entered into a financial agreement with Silicon Valley Bank, a division under First Citizens Bank (FCNCA, Financial), securing a $30 million term loan facility. This arrangement provides Invivyd with the potential to access funds in the future, contingent upon the fulfillment of specified conditions and milestones.
The agreement offers Invivyd the flexibility to draw down capital as needed, which can support its strategic financial needs and growth initiatives. The partnership with Silicon Valley Bank is designed to bolster Invivyd's financial positioning while allowing the company to manage its resources effectively as they reach various business targets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for First Citizens BancShares Inc (FCNCA, Financial) is $2,292.33 with a high estimate of $2,568.00 and a low estimate of $2,000.00. The average target implies an upside of 33.54% from the current price of $1,716.62. More detailed estimate data can be found on the First Citizens BancShares Inc (FCNCA) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, First Citizens BancShares Inc's (FCNCA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Citizens BancShares Inc (FCNCA, Financial) in one year is $2107.93, suggesting a upside of 22.8% from the current price of $1716.62. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Citizens BancShares Inc (FCNCA) Summary page.
