Although its shares have lagged other vaccine makers in 2021, Pfizer could soon be poised for significant revenue growth.
Wall Street is underestimating vaccine maker Pfizer, which is primed for massive growth ahead as its Covid treatments will remain relevant for years—not to mention generate billions of dollars of revenue for the company, according to analysts at Wells Fargo.... [+]Wells Fargo recently initiated coverage of Pfizer with a “buy” rating and price target of $60 per share, implying an upside of around 16% from current levels.
Pfizer’s vaccine business alone could generate over $5 billion per year in revenue, the firm predicts, as COVID vaccines “will likely become an annual occurrence.”
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